A more thorough explanation:

The Dutch-auction tender method is a way of selling stocks or securities. Here are some definitions:

• Dutch auction: An auction in which property is initially offered at an excessive price that is gradually lowered until the property is sold.
• Dutch-auction tender method: A method of tendering stock shares whereby a corporation provides a price range, shareholders indicate how many shares they will sell and at what price, and the corporation buys however many shares it wants at the lowest prices offered.

For example, let's say a company wants to buy back some of its own stock. It might use the Dutch-auction tender method to do this. The company would set a price range for the stock and ask shareholders to indicate how many shares they want to sell and at what price. The company would then buy back the shares it wants at the lowest prices offered.

This method can be useful for companies because it allows them to buy back their own stock at a lower price than they might have to pay on the open market. It can also be useful for shareholders who want to sell their stock because they can indicate the price they want to sell at and have a better chance of getting that price.