DEFINITION of 'Schedule 14D-9'
This schedule must be filed with the SEC when an interested party such as an issuer, a beneficial owner of securities or a representative of either, makes a solicitation or recommendation statement to the shareholders with respect to a tender offer which is pursuant to Section 14(d)(4) of the 1934 Securities Exchange Act.
BREAKING DOWN 'Schedule 14D-9'
A tender offer is a public offer to buy some or all of the shares in a corporation from the existing shareholders. The tender offer can be made in the form of cash or in the form of an exchange into other securities.