closing purchase

Closing purchase

A transaction in which the purchaser's intention is to reduce or eliminate a short position in a stock, or in a given series of options.

Closing Purchase

1. Any transaction that closes a position, especially a short position.

2. An option seller's purchase of another option that cancels out the provisions of the previous option by having the same provisions.

closing purchase

References in periodicals archive ?
The closing purchase price included of a debt-free value of $9 million plus $5 million cash, as per to Ascom.
7 million, subject to post closing purchase price adjustments.
Under the proposed transaction, Kleinwort Benson Group will acquire 100% of BHF-BANK for an agreed consideration of 384 million, which will be paid in cash and is subject to closing purchase price adjustments.
Closing purchase orders through the portal ensures a high standard of accuracy on client invoices, particularly since it captures pick-up and drop-off times.
Once an option writer has received an exercise notice, it cannot effect a closing purchase transaction in order to terminate its obligation under the option and must deliver the underlying security at the exercise price.
AOL has agreed to acquire Convertro for a closing purchase price of approximately $101 million.
BluFi Lending, one of the fastest growing direct lenders in Southern California, has attracted the attention of real estate professionals and homebuyers due to its reputation of closing purchase loans in as little as three weeks.
He is expected to serve as a non executive Director and Chairman of the Board of the new hardware business entity and at or after the closing purchase a minority equity interest therein.
This press release contains forward-looking statements, including statements about: the expected closing date of the transaction; the expansion of our and SRS's product offerings, including geographic expansion; the value and benefits of SRS's products and services to customers, both alone and in combination with our other products and services; transaction-related synergies; the payment of the closing purchase price, the call price or the put prices; and the expected impact of the investment on our fiscal year 2014 revenue and Cash EPS.
2, 2013 /PRNewswire/ -- Spectra Energy Corp (NYSE: SE) today announced final closing on the drop-down of 50 percent of the Express-Platte crude oil pipeline system (Express-Platte System) to its master limited partnership (MLP), Spectra Energy Partners, LP (NYSE: SEP), for approximately $410 million in cash, $319 million in newly issued partnership units, and $129 million of acquired Express-Platte System debt, which includes the effect of customary closing purchase price adjustments.
BluFi has already earned praise from San Diego real estate professionals for its reputation of closing purchase loans in as little as 21 days, but the direct lender's 2012 plans include increased marketing and support services for the real estate industry.