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Tender Offer Process with Morgan Stanley at Work: Saving Time and Money



Running a shareholder liquidity event may help to attract and retain top talent for a company. But, conducting a shareholder liquidity event can be a complex and challenging undertaking.

The Shareworks Platform can help to make the process easier through an intuitive platform that automates the setup and management of your tender offer, while you receive personalized support from a team of experienced specialists. We do the heavy lifting, so you can focus on running your business.

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Discover secondary liquidity on the Shareworks platform.

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We can configure the platform to execute the tender offer based on your specific requirements:

  • Messaging to participants
  • Shareholder eligibility
  • Maximum and/or minimum selling amounts
  • Available documents and disclosures
  • Timing

Next, we can set up a testing environment and work with your various stakeholders (Legal, Finance, HR, Equity) to obtain their feedback and ensure all necessary documents are properly uploaded.


To help to maximize participation, we can provide participant education expertise and support, like conducting a live demo or hosting a financial education session with a Morgan Stanley at Work representative to help your employees understand how the tender offer may impact them financially.

Program launch

Once the tender offer is live, the Shareworks Platform allows shareholders to review the offer, sell their shares and fill out the necessary paperwork. The platform is customized to your tender offer, keeping the offer open for as many days as your company stipulates.


Participants can view the tender offer in one seamless experience. In an easy to follow, step-by-step process, Shareholders can review all offer documents, view their current holdings, determine sale quantities, get a summary of exercise cost and estimated gross proceeds, and consent and sign-off on the sale. Post event, proceeds are distributed to whichever Shareworks Platform connected account they choose.


Shareholders will also have access to a dedicated support team should they have questions or need assistance.


Plan Administrators can access real-time reporting in order to track all participant activity on the platform throughout the election window.


The Morgan Stanley at Work Equity Solutions team supports you throughout the tender offer with periodic check-in calls or program updates.

Post Transaction

Funds are dispersed to selling shareholders via automated clearing house (ACH), wire, or E*TRADE brokerage accounts.

Your tax and legal teams receive executed documentation and a breakdown of proceeds, fees and withholdings.

Best of all - your cap table automatically updates after settlement of the transaction.

Is a Tender Offer with Morgan Stanley at Work Right for You?

Our private market solutions may be the right fit for your company’s next tender offer if:

  • Your company needs to engage and retain top talent in a competitive job market
  • You want to bring on new investors, but are concerned about dilution
  • Your employees are independently selling their equity rewards on the secondary market
  • Your board is requesting exit or stock repurchase scenarios
  • You want your tender offer to run smoothly with minimal distraction to the company and your employees.

Get in touch with our team

Morgan Stanley at Work, Shareworks, Morgan Stanley Smith Barney LLC, and its affiliates and employees do not provide legal or tax advice. You should always consult with and rely on your own legal and/or tax advisors.

CRC 5063287 (10/22)