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Concert Party in United Kingdom

Definition of Concert Party

In accordance with the work A Dictionary of Law, this is a description of Concert Party : (consortium)

An agreement (which mayor may not be legally binding) between a number of people to acquire shares in a company in order to accumulate a significant holding of its voting shares. Under the Companies Act 1985 and rules administered by the Panel on Takeovers and Mergers anyone becoming interested in 3% or more of the voting shares of a public company must disclose this to the company; a member of a concert party is deemed to be interested not only in his own shares but also in those of other consortium members. Such disclosure may enable a company to counter a *takeover; it may also trigger rules relating to partial offers, which may make it necessary for the consortium to offer to buy the remaining shares.

See also sars.

Compare dawn raid.

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(2015, 02). Concert Party lawi.org.uk Retrieved 01, 2022, from https://lawi.org.uk/concert-party/

02 2015. 01 2022 <https://lawi.org.uk/concert-party/>

"Concert Party" lawi.org.uk. lawi.org.uk, 02 2015. Web. 01 2022. <https://lawi.org.uk/concert-party/>

"Concert Party" lawi.org.uk. 02, 2015. Accesed 01 2022. https://lawi.org.uk/concert-party/

Agostino Von Hassell, 'Concert Party' (lawi.org.uk 2015) <https://lawi.org.uk/concert-party/> accesed 2022 January 28

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Schema Summary

  • Article Name: Concert Party
  • Author: Agostino Von Hassell
  • Description: Definition of Concert Party In accordance with the work A Dictionary of Law, this is a description of Concert Party : [...]

This entry was last updated: February 8, 2015


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