PURPOSE: This rule clarifies the meaning of tender offer as defined in the Missouri Take-ouer Bid Disclosure Act. (1) A Tender Offer or Request or Invitation for Tenders Within the Meaning of Section 409.500, RSMo. The Missouri Take-over Disclosure Act is a publicly made invitation addressed to all shareholders to tender shares at a given price, characterized by active or widespread solicitation or pressure to accept or reject an offer quickly. Auth: section 409.531, RSMo (1986).” Original rule filed March 27, 1989, effective June 12, 1989. *Original authority 1986.