What happens if my stock is affected by a tender offer?

A tender offer occurs when an individual or entity offers to buy most or all of a company’s shares, usually at a price higher than the current market rate. Shareholders can choose whether to accept the offer and sell their shares.

Does etoro support participation in tender offers?

No, etoro does not currently support participation in tender offers.

How does etoro handle them?

If a company in your portfolio is subject to a tender offer, we strive to notify you via email as soon as possible.

When a tender offer is successful (i.e. the majority of shares are sold to the bidder), the stock is delisted from the exchange, and positions can no longer be managed on etoro.

If we receive payment for the event, we will:

• close positions and distribute the received payment to shareholders
• delist the asset from the platform

Sometimes, payments to brokers, like etoro, may be delayed. If this happens, your positions will remain in your portfolio. To close your account during this time, you’ll need to contact Customer Service and waive your right to the payment.

While we actively monitor the market, we may not be able to communicate every corporate event in advance. If you hold stocks, it’s your responsibility to keep up to date with corporate events.