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Street Sweep |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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