Information Agent

Definition:

An entity (usually a Proxy Solicitor) hired by a bidder for a Tender Offer. The Information Agent is hired to distribute Tender Offer materials and to answer questions from the Target’s shareholders about how they mechanically tender their shares to the bidder’s Tender Offer. Information Agents are instrumental in making sure that Tender Offer materials are distributed to the Beneficial Holders. The Information Agent may also solicit smaller shareholders.

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