acting in concert

acting in concert
investors working together and performing identical actions to attain the same investment goal. Bloomberg Financial Dictionary
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For the purpose of the Companies Act 1985, this is when two or more people have an agreement to acquire interests in shares. For the purpose of the Blue Book, it is when two or more investors cooperate to obtain or consolidate control of a company. Dresdner Kleinwort Wasserstein financial glossary

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   Investors working together to achieve the same goal, e.g. to buy all the stock they need to take over a company or purchase the minimum needed so that they can legitimately make an open bid to buy outstanding shares. Sometimes acting in concert is considered illegal. Also known colloquially as a concert party.
   ► See also Warehousing.

Financial and business terms. 2012.

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Look at other dictionaries:

  • acting in concert — Also known as concert party arrangements. A group acting together in a takeover situation. As defined in the City Code on Takeovers and Mergers (the Code), persons acting in concert are persons who, pursuant to an agreement or understanding… …   Law dictionary

  • Acting in Concert — Unter Acting in Concert wird eine Zusammenarbeit mehrerer Personen, meist Investoren, auf informeller Basis verstanden. In der Praxis wird dieser Begriff zumeist verwendet, wenn mehrere Beteiligungsunternehmen, z. B. Hedge Fonds, kleinere… …   Deutsch Wikipedia

  • Acting In Concert — A slang term for when parties undertake identical investment actions to achieve the same goal. Acting in concert requires the cooperation of people or corporations to make the same transactions based on a previous arrangement. The issue of acting …   Investment dictionary

  • acting in concert — Having an agreement or understanding, either formal or informal, in which a number of persons act collectively in the affairs of an undertaking …   Accounting dictionary

  • persons acting in concert — kartu veikiantys asmenys statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Du ar daugiau asmenų, kurie remdamiesi savo aiškiai sudarytu ar numanomu žodiniu ar rašytiniu susitarimu įgyvendina ar siekia įgyvendinti savo teises,… …   Lithuanian dictionary (lietuvių žodynas)

  • concert party — Term given to persons acting in concert. Related links stakebuilding concert parties acting in concert Practical Law Dictionary …   Law dictionary

  • concert parties — A phrase based on the concept of acting in concert , which is defined in the City Code on Takeovers and Mergers as active co operation by agreement or understanding (whether formal or informal) to obtain or consolidate control of a company. The… …   Law dictionary

  • acting — I adjective adjutant, deputative, deputy, functioning, holding legal rights conferred by another, impermanent, replacing, representative, representing, short term, speaking by delegated authority, standing in the place of, substituting for,… …   Law dictionary

  • concert — I noun accord, accordance, agreement, alliance, coaction, coadjument, coadjuvancy, coagency, coalition, coefficiency, collaboration, combination, combined action, combined effort, compatibility, complicity, concord, concordance, concurrence,… …   Law dictionary

  • concert party arrangements — See acting in concert Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

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