Tender Offer

The Edaa tender offer service assists an acquirer to purchase a controlling stake of a company and enables shareholders to surrender their shares in the company that is subject to a takeover. The service electronically facilitates the acquisition and allows the target company shareholders’ the opportunity to electronically accept or reject the offer via their Tadawulaty accounts.

Tender offers usually require the acquirer to communicate with large number of shareholders to secure their acceptance. Our Tadawulaty service provides a direct electronic means of communication with company shareholders.

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A tender offer is completed in phases:

  • The acquirer first secures all approvals required for the acquisition.
  • Acquirer uses Tadawulaty services to inform the target company shareholders about the offer. Shareholders can accept or reject the offer through their Tadawulaty accounts.
  • Finally, if the offer succeeds, the system transfers share ownership to the acquirer, and informs all concerned shareholders of the results.

Fees

Services Fees (SAR) Frequency
Tender Offer (15 bps) of total transaction Value Minimum of SAR 250,000; Maximum of SAR 2,000,000 Per Transaction

Frequently Asked Questions

A tender offer is a public and transparent process whereby existing shareholders of a publicly traded company are invited to tender (sell) their shares to a prospective acquirer. Shareholders are “offered” the opportunity to sell some or all of their shares at a specific price during a pre-determined timeframe. Tender offers will usually be subject to pre-established minimum and maximum share acceptance limits and may or may not be endorsed by the board of directors of the subject company.
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