vendor placing

noun finance

a method of financing the purchase of one company by another in which the purchasing company pays for the target company in its own shares, on condition that the vendor places these shares with investors for cash payment

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012