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 ?
Rhone-Poulenc is acquiring shares of Rhone-Poulenc Rorer through a recently commenced program of open-market purchases on the Paris Stock Exchange that will continue for the next two or three months and may also include open-market purchases on the New York Stock Exchange.
ATI will make no purchases of common shares other than open-market purchases.
Sun Life Financial will make no purchases of common shares other than open-market purchases.
HOUSTON -- The Board of Trustees for AIM Select Real Estate Income Fund (NYSE:RRE), AIM's closed-end real estate fund, announced today it has approved the ability to engage in open-market purchases of its common shares.
Stantec will make no purchases of common shares other than open-market purchases.
The shares may be repurchased from time-to-time through open-market purchases or prearranged trading plans.
The company decided to turn to open-market purchases because so few shares were being tendered.
Daisytek International Corporation (Nasdaq:DZTK) has received acceptances from shareholders or acquired shares in open-market purchases representing 85.
CDW-G offers the full range of government procurement vehicles, including GSA Schedule, open-market purchases, blanket purchase agreements and other formal bid contracts.
CanWest will make no purchases of Subordinate Shares other than open-market purchases.
Cameco will make only open-market purchases of its common shares and will pay the market price of the shares at the time of purchase.
99 percent of LucasVarity's issued share capital, through open-market purchases since the commencement of the offer period.