Impact of Share Repurchase Methods on Share Price

XYZ Corporation is a publicly traded company known for its consistent dividend payments and shareholder-oriented policies. Recently, the management announced that it would be conducting a share repurchase program to optimize its capital structure and enhance shareholder value. The company is evaluating different methods for conducting the repurchase, including open market purchases, tender offers, and private negotiations. The goal is to determine which approach would most effectively meet their strategic objectives.

As a financial analyst, you are tasked with assessing the advantages and disadvantages of these methods. Which of the following methods of share repurchase is most likely to result in an immediate increase in the share price due to the perception of greater value among remaining shareholders?