Definition
Settlement is the final phase of a tender offer. The buyer wires funds to the paying agent, withholding is applied, proceeds are disbursed to eligible sellers, and the cap-table administrator records the share transfers.
The phase in which buyer funds are wired, withholding is applied, proceeds are disbursed, and shares are recorded as transferred.
Settlement is the final phase of a tender offer. The buyer wires funds to the paying agent, withholding is applied, proceeds are disbursed to eligible sellers, and the cap-table administrator records the share transfers.