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.

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References in periodicals archive ?

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.

Natural Health Trends Corp. Announces Management Stock Purchases

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.

Gulf South Announces Open-Market Stock Repurchase Program

ATI will make no purchases of common shares other than open-market purchases.

ATI Announces Normal Course Issuer Bid

Sun Life Financial will make no purchases of common shares other than open-market purchases.

Sun Life Financial continues share repurchase program

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.

AIM Select Real Estate Income Fund Board of Trustees Approves Open-Market Share Purchases

Stantec will make no purchases of common shares other than open-market purchases.

Stantec Announces Renewal of Normal Course Issuer Bid

The shares may be repurchased from time-to-time through open-market purchases or prearranged trading plans.

InterDigital's Board Authorizes Buyback of up to One Million Shares of Common Stock

The company decided to turn to open-market purchases because so few shares were being tendered.

H-Quotient Purchasing up to 1,000,000 Shares of Its Stock; sues T.D. Waterhouse

Daisytek International Corporation (Nasdaq:DZTK) has received acceptances from shareholders or acquired shares in open-market purchases representing 85.

Daisytek Announces Control 85.3% of ISA Ordinary Shares; First Closing of Deal for European Computer Supplies Distributor Set for June 27

CDW-G offers the full range of government procurement vehicles, including GSA Schedule, open-market purchases, blanket purchase agreements and other formal bid contracts.

Itronix Computers Joins with CDW Government to Expand Availability in Government and Education Markets

CanWest will make no purchases of Subordinate Shares other than open-market purchases.

CanWest Global Announces Share Repurchase Program

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.