Market Sweep

Market Sweep - Market Sweep is a second offering following a tender offer, allowing institutional investors to obtain a controlling interest at a price higher than the original offer. 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 an price higher than previous offer of stock. Market sweeps are moderately common in takeovers. They are common in the use of an antitakeover measure. Supplementary offering made after a tender offering that allows investors to gain a controlling interest in a company by paying a higher price for shares.