open-market purchase

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Open-Market Purchase

The act of buying a security at or close to the market price because of an order the buyer has placed for the security. The term especially refers to a situation where investors with inside information buy a security in accordance with the rules set forth by the SEC. See also: Open-market transaction.

open-market purchase

The buying of stocks and bonds in the securities markets. For example, in order to satisfy the sinking fund requirement of a bond indenture, the issuer may call securities from investors or make open-market purchases. Likewise, a firm wishing to reduce the number of its shares outstanding may make a tender offer to the firm's stockholders or purchase shares in the open market.
References in periodicals archive ?
The purpose of these open market purchases is to utilize available and surplus cash to make open market purchases of its common stock at current highly favorable trading prices.
Pursuant to the buy back plan, Titan can make open market purchases from time to time over two years consistent with Securities and Exchange Commission rules.
ROADMASTER TO CONTINUE ESOP OPEN MARKET PURCHASES IN 1992
These open market purchases will not begin until the 11th business day following the expiration of the tender offer period.
The board of directors also approved the resumption of limited open market purchases of the company's common stock.
Repurchases, which will be conducted through open market purchases or privately negotiated transactions, will be made from time to time depending on market conditions and other factors.
Based on the Form-4 Filing, both appear to be an open market purchases and there were no footnotes or special circumstances described in the filings.
will make no purchases of Common shares other than open market purchases.