Identifying Share Repurchase Methods

ABC Corp is considering different methods for repurchasing shares as part of its capital allocation strategy. The company is evaluating the implications of various share repurchase methods: open market repurchases, tender offers, and Dutch auctions. Each method has distinct characteristics in terms of pricing, shareholder participation, and impact on share price.

Analyze the following methods and determine which one typically involves the company announcing a specific price and seeking to buy back a proportion of shares from shareholders who choose to participate.