The phrase "start a tender" is correct and usable in written English.
You can use this phrase when you would like to announce or initiate a competitive process for a public or private contract. Example: The Municipality of Smithville recently announced that it is starting a tender for a new construction project.
Last week, an investment group that includes Silver Lake Partners and DST Global said it would start a tender offer for shares in the Alibaba Group.
Sanofi said in a statement that it would start a tender offer for all of Chattem's shares at $93.50 a share in cash.
Prestige is trading above Genomma's bid by more than a dollar a share, so look for Genomma to raise its offer as the May 7 record date approaches, and perhaps start a tender offer.
Mr. Icahn disclosed last week that he was prepared to start a tender offer as early as Tuesday of $13 a share for 100 million of Nabisco Group's 325 million shares under certain conditions.
Shelbourne Properties I, II and III also reached a litigation settlement under which the shareholder Michael Ashner agreed to start a tender offer to bolster his stake in the REIT's to 42percentt from 12percentt.
Blockbuster demanded access to Hollywood Entertainment's books and said that it would start a tender offer to buy the shares for $11.50 each if the company does not cooperate.
The receivers started a tender process almost immediately which closed earlier this month.
Not satisfied with the management's reluctance to expand overseas to make up for a waning domestic market, the fund started a tender bid for the rest of the company.
Reliance, a holding company controlled by the New York investor Saul P. Steinberg, started a tender offer of $31 a share for up to seven million, or 61percentt, of Blair's 11.5 million outstanding shares.
In another sign of deregulation's ability to pry open the Japanese economy and breath new life into businesses here, Boehringer Ingelheim, a large German pharmaceuticals company, started a tender offer today for shares of the SS Pharmaceuticals Company, a Japanese drug maker.
The committee of Genentech directors that has been negotiating with Roche said it would issue a formal opinion on the new bid within 10 business days after Roche started a tender offer.
