open-market purchase

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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 ?
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.
The shares may be repurchased from time-to-time through open-market purchases or prearranged trading plans.
The company decided to turn to open-market purchases because so few shares were being tendered.
Daisytek International Corporation (Nasdaq:DZTK) has received acceptances from shareholders or acquired shares in open-market purchases representing 85.
CDW-G offers the full range of government procurement vehicles, including GSA Schedule, open-market purchases, blanket purchase agreements and other formal bid contracts.
CanWest will make no purchases of Subordinate Shares other than open-market purchases.
Cameco will make only open-market purchases of its common shares and will pay the market price of the shares at the time of purchase.
99 percent of LucasVarity's issued share capital, through open-market purchases since the commencement of the offer period.
The company also announced that its chairman and chief executive officer, Michael Henson, has increased his ownership of CVD shares in recent months, including a substantial number of shares accumulated as open-market purchases.