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Street Sweep
(redirected from Street Sweeps)

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Street 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. Street sweeps are fairly common in takeovers; they may also be used as antitakeover measures. A street sweep is also known as a market sweep.

street sweep
An investment strategy in which large amounts of a company's stock are quickly purchased. Street sweeps generally occur in the stock of a company involved in a takeover attempt. Also called market sweep.


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Byline: DOROTHY LEPKOWSKA A TRUANCY crackdown saw 12,000 children, some as young as seven, stopped in high street sweeps, figures showed yesterday.
 
 
 
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