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.
Tender Offer banner sample screenshot:
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 shareholders would like to keep their shares
- 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
If you want to sell your shares on the market, you may click this link for instructions : How do I place an Order?
