Buyback can be of two types - Tender Offer & Open Market Offer.

  • Tender Offer: Shareholders will have the option to submit (or tender) a portion or all of their shares. Within a certain time frame and at a premium to the current market price, this premium compensates investors for tendering their shares rather than holding on to them.

  • Market Offer: Companies buy back shares on the open market over an extended period of time.