Definition
Offeror is the term used for the party making a tender offer in many non-U.S. jurisdictions (UK Takeover Code, EU Takeover Directive, Canadian and Australian regimes). It is functionally equivalent to bidder in U.S. usage.
Why it matters
In cross-border deal coverage, “offeror” usually signals the writer is operating in a non-U.S. legal framework. Mandatory bid rules, no-frustration principles, and bid timetables are typically more rigid under “offeror” regimes than under U.S. tender-offer rules.