open-market purchase

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 ?
Windstream Corporation (NASDAQ:WIN): Large Open-market Purchase made by company Lead Independent Chairman of the Board - Dennis Foster Aug 23rd, at stock price (US$11.
NYSE:MRK): Large Open-market Purchase made by company President, Chief Executive Officer, Director - Kenneth Frazier Aug 15th, at stock price (US$31.
NASDAQ:MYL): Large Open-market Purchase made by company Chairman of the Board, Chief Executive Officer - Robert Coury on Aug 10th, at stock price (US$17.
Morgan Stanley (NYSE:MS): Large Open-market Purchase made by company CFO, Executive Vice President - Ruth Porat on Aug 4th, at stock price (US$20.
Large Open-market Purchase made by company Directors and 10% Owners on June 15th, at stock price (US$7.
LaCore and Mark Woodburn, President of NHTC, purchased 1,295,337 shares of NHTC common stock in an open-market purchase for an aggregate purchase price of $50,000.
NASDAQ:GSMS) today announced that its Board of Directors has authorized the open-market purchase of up to 1,000,000 shares of the Company's Common Stock.
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.
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.