market sweep

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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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It allows block traders whose priorities are minimizing market impact and costs to use a mix of active limit orders, dark pools, and market sweeps in order to minimize spreads, to maximize rebates, and to effect market prices as little as possible.