market sweep

(redirected from Market Sweeps)

Market sweep

A second offering following a tender offer, allowing institutional investors to obtain a controlling interest at a price higher than the original offer.

Market Sweep

An offer of a stock allowing institutional investors and (occasionally) high net-worth individuals to buy a large percentage of a company's equity, usually at a price higher than the previous offer of stock. Market sweeps are fairly common in takeovers; they may also be used as antitakeover measures.

market sweep

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Most recently, ENSO has also partnered with ICAPs EBS Treasury to provide cash and collateral movements to clients, allowing them to make money market sweeps and cash movements.