A tender offer would mean that a company would like to buy your shares at a fixed price. If you are entitled to a Tender Offer, a banner will appear in your COL account under the Home tab during the offer period. Offer period is the limited time period in which you can act on a company's tender offer.  


You have three (3) options if you are entitled to a Tender Offer:


Option 1: Accept the tender offer by subscribing to the offer - this means you wish to sell your shares at the fixed price the company offered

  • This option is usually taken when the offer price is higher than the current market price of the stock
  • This option is also recommended when the company has announced its intention to delist - this means the stock will no longer be tradeable in the Philippine Stock Exchange (PSE) by a specific date


Option 2: Decline the tender offer by choosing to NOT TENDER - this means you wish to keep your shares instead

  • This option is usually taken when the offer price is lower than the current market price of the stock
  • This is also usually taken when the company will continue to be listed with the Philippine Stock Exchange (PSE) and will continue to be tradeable


Option 3: Trade your shares in the market instead - this means you wish to sell your shares at your time through the market instead

  • This option is usually taken when the offer price is lower than the current market price of the stock
  • This option is also recommended when the company has announced its intention to delist - this means the stock will no longer be tradeable in the Philippine Stock Exchange (PSE) by a specific date