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英语翻译Open-market repurchases differ from the first three desc

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英语翻译
Open-market repurchases differ from the first three described with respect to the credibility of their signaling power.这句话怎么翻译?A firm offers to buy a specified fraction of shares within a given time period.这句中的offer怎么理解,翻译为什么?
Open-market repurchases differ from the first three described with respect to the credibility of their signaling power.
就其所传达的信号的可信度而言,公开市场(股票)回购与前面三种是不同的.
A firm offers to buy a specified fraction of shares within a given time period.
一家公司在给定时间内出价购买一部分股票
offer 主动提出,出价