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 ?
Thus, if managers accumulate shares to reach a certain threshold set by the compensation committee, and if the ownership threshold is set higher for those with better investment opportunity sets, the probability of an open-market purchase would be positively related to M/B ratios, and the probability of an open-market sale would be negatively related.
For example, assume an insider makes an open-market purchase of company stock on June 1, 1991 and exercises a nonqualified stock option on June 2, 1991.
by way of a series of open-market purchases made on the TSX August 7, 2019, under which Gem Oil Inc.
Graco Inc (NYSE:GGG), an industrial coatings company, on Friday announced that its board of directors authorised a new plan to purchase up to 18 million shares of its outstanding common stock over an indefinite period of time or until termination primarily through open-market purchases and accelerated share repurchase transactions from time to time.
These shares will be acquired primarily through open-market purchases and accelerated share repurchase transactions from time to time.
The stock repurchase program may be carried out through open-market purchases, block trades, negotiated private transactions and pursuant to a trading plan that will be adopted in accordance with Rule 10b-18 or Rule 10b5-1 under the Securities Exchange Act of 1934.
(NASDAQ: LTON) has authorized the repurchase of up to $8 million worth of outstanding American Depositary Shares, or ADSs, over approximately the next six months, from time to time, in open-market purchases at prevailing market prices.
The automaker is taking this step through open-market purchases.
The firm said its plans for Metal Management may include privately negotiating transactions of Metal Management's securities, open-market purchases, proposing a business combination including a merger, a tender offer or waging a proxy battle.
Over time, the company intends to purchase the remaining outstanding equity shares of Kokam that are currently listed on the Korean over the counter exchange through open-market purchases and otherwise, eventually resulting in Kokam becoming a wholly-owned subsidiary of SolarEdge.
As part of the stock repurchase programme, the company may repurchase shares in open-market purchases in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended, in privately negotiated purchases or otherwise.
The new stock repurchase program may be carried out in accordance with Securities and Exchange Commission Rule 10b-18 through open-market purchases, block trades, negotiated private transactions and pursuant to a trading plan that will be adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.