This mode of repurchase is performed through a tender offer, wherein a company proposes to buy back shares/securities sold earlier at a fixed price through a letter of offer from the holders of shares ...
Benfica paid €6million (£5m) plus €3m (£2.5m) in potential add-ons to sign Fernandez and United negotiated a large sell-on clause, along with a buy-back option, into the transfer.