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toehold purchase

Often used in risk arbitrage. Accumulation by an acquirer of less than 5% of the shares of a target company. Once 5% is acquired, the acquirer must file with the SEC and other agencies to explain its intentions and notify the acquiree. See: Rule 13d.

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Penulis

  • Jessehe
  •  (V.I.P) 32013 poin
  • 40.13% positive feedback
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