market sweep(redirected from Market Sweeps)
A second offering following a tender offer, allowing institutional investors to obtain a controlling interest at a price higher than the original offer.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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. Market sweeps are fairly common in takeovers; they may also be used as antitakeover measures.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
See street sweep.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.