- A(n) is the most common way that firms repurchase shares. - One method of repurchasing shares is the , in which the firm lists different prices at which it is prepared to buy shares, and shareholders in turn indicate how many shares they are willing to sell at each price. - A firm can repurchase shares through a(n) i which it offers to buy shares at a prespecified price during a short time period-generally within 20 days. - A(n) sustain such a large sale without severely affecting the price. may occur if a major shareholder desires to sell a large number of shares but the market for the shares is not sufficiently liquid to blackmail; targeted repurchase; hostile takeover