Simple English definitions for legal terms
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A creeping tender offer is when someone gradually buys more and more of a company's stock over time, without making a formal offer to buy the whole company. This is a way to gain control of the company without making a big announcement or buying all the stock at once. It's like slowly sneaking up on something instead of running at it all at once.
A creeping tender offer is a type of acquisition where a company gradually buys up the stock of another company on the open market, without making a formal tender offer. This allows the acquiring company to gain control of the target company without having to pay a premium price for all of its shares at once.
These examples illustrate the definition of creeping tender offer and original acquisition. In the first example, Company A is using a creeping tender offer to acquire Company B. In the second example, the author's ownership of the copyright is an original acquisition because they are the first person to own it.