TenderOffer

Git Source

A minimal on-chain tender offer contract. The "Offeror" proposes to buy up to maxShares at a certain price per share. Shareholders can tender their shares, and after the tender offer ends, the contract finalizes the purchase if conditions are met.

State Variables

offeror

address public offeror;

shareRegistry

ShareClass public shareRegistry;

maxShares

uint96 public maxShares;

pricePerShare

uint256 public pricePerShare;

startTime

uint256 public startTime;

endTime

uint256 public endTime;

isFinalized

bool public isFinalized;

tenderedShares

mapping(address => uint96) public tenderedShares;

Functions

constructor

constructor(
    address _issuer,
    address _shareClass,
    uint96 _maxShares,
    uint256 _pricePerShare,
    uint256 _startTime,
    uint256 _endTime
);

tenderShares

Allows a shareholder to tender shares. In a real scenario, they'd transfer those shares into escrow or mark them as "tendered" in shareRegistry. For demonstration, we do a simpler approach: we record how many shares they've pledged to tender.

function tenderShares(uint96 quantity) external;

finalizeTender

Finalizes the tender offer, calculates total accepted, ensures it doesn't exceed maxShares, pays out, and updates ownership. For demonstration, we skip real payment logic or partial allocation if oversubscribed.

function finalizeTender() external;

Events

TenderOfferInitialized

event TenderOfferInitialized(
    address indexed offeror, uint96 maxShares, uint256 pricePerShare, uint256 startTime, uint256 endTime
);

SharesTendered

event SharesTendered(address indexed shareholder, uint96 quantity);

TenderFinalized

event TenderFinalized(uint256 totalSharesPurchased, uint256 totalPaid);