Schedule TO-I

DEFINITION of 'Schedule TO-I'

This schedule is known as an "issuer tender offer statement." It must be filed by certain reporting companies that make tender offers for their own securities – a "self-tender." In addition, Rule 13e-4, under the 1934 Act, imposes added requirements that an issuer must comply with when it is making an issuer tender offer. This schedule replaced Schedule 13e-4 as of January, 2000.

BREAKING DOWN 'Schedule TO-I'

A tender offer is a public offer to buy some or all of the shares in a corporation from the existing shareholders made by either the company itself or buy interested outside parties. These offers are normally made at a premium to the current price of the stock. Any entity acquiring more than 5% of an existing registered public company must file a 13D with the SEC.

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RELATED FAQS
  1. Why would I want to accept a tender offer from a stock company?

    I received a tender offer from a company that bought into another company. They are going public with the new company soon. ... Read Answer >>
  2. What happens to the shares of stock purchased in a tender offer?

    Learn what a tender offer is, whether it is a good idea to accept a tender offer and what happens to the shares of stock ... Read Answer >>
  3. What usually happens to the price of a stock when a tender offer for shares of the ...

    Learn what happens to the price of a stock when a tender offer is made public. Some of the most contentious takeovers have ... Read Answer >>
  4. 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 Answer >>
  5. If a company offers a buyback of its shares, how do I decide whether to accept the ...

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    Learn about how companies use stock buybacks in order to facilitate executive compensation and why the practice is very controversial. Read Answer >>
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