Tender offer

Okay kiddo, imagine that you have a toy that you really love and you don't want to give it away. But one day, someone comes to you and says that they will give you A LOT of toys in exchange for your toy. This is kind of like a tender offer.

In the grown-up world, a tender offer is when one company offers to buy a lot of stock (or ownership) in another company. Just like how someone offered to give you a lot of toys for your toy, the company that wants to buy the stock wants to give the owners of the stock (the people who currently own part of the company) a lot of money.

If a lot of people who own stock in the company decide to sell their stock to the company that is offering to buy it, then that company might end up owning a majority (more than half) of the stock in the company. When a company owns a majority of the stock, they have a lot of control over how the company operates and what decisions it makes.

So, in summary, a tender offer is like a grown-up version of someone offering you a lot of toys for your favorite toy. It's when one company offers to buy a lot of stock in another company, which can give them a lot of control over how that company operates.