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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 investitutional 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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