Tender Offer Tactics: Tender and Support Agreements

Tender offers are often utilized in public takeover bids as the only means to acquire majority ownership of a public company without the support of the target company’s board of directors Therefore, securing the support of key shareholders through written agreement is critical. A tender and support agreement outlines the key provisions that define the shareholder's obligations, including tendering their shares in response to the offer and voting in favor of the transaction. Get a head start on drafting the tender and support agreement with this template from Practical Guidance.

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