The name given to the group of investors refusing to tender their shares into a corporate action, such as a merger or acquisition.


Should the quantity of rump shares be large enough, a corporate action may be stalled or halted.

  1. Acquisition

    A corporate action in which a company buys most, if not all, ...
  2. Corporate Action

    Any event that brings material change to a company and affects ...
  3. Tender Offer

    An offer to purchase some or all of shareholders' shares in a ...
  4. Tender

    To invite bids for a project, or to accept a formal offer such ...
  5. Merger

    The combining of two or more companies, generally by offering ...
  6. Letter of Intent - LOI

    A document outlining the terms of an agreement before it is finalized. ...
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  1. If I reject the tender offer for acquisition of the stock that I own in a company ...

    Since the passing of the Sarbanes-Oxley Act, a significant number of public companies have chosen to go private. The reasons ... Read Full Answer >>
  2. How long does it take to execute an M&A deal?

    Even the simplest merger and acquisition (M&A) deals are challenging. It takes a lot for two previously independent enterprises ... Read Full Answer >>
  3. What are some common accretive transactions?

    The term "accretive" is most often used in reference to mergers and acquisitions (M&A). It refers to a transaction that ... Read Full Answer >>
  4. What are some ways to make a distribution channel more efficient?

    While there are many ways to make a distribution channel more efficient, the three high-level ways to increase the efficiency ... Read Full Answer >>
  5. How is a tender offer used by an individual, group or company seeking to purchase ...

    A tender offer is made directly to shareholders in a publicly traded company to gain enough shares to force a sale of the ... Read Full Answer >>
  6. How does a company record profits using the equity method?

    A company that invests in another company and has majority control of it would record profits using the equity method. This ... Read Full Answer >>

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