United Kingdom Encyclopedia of Law     Wiki Legal Encyclopedia (BETA)
What do you need to know about law? Search in more than 1.500.000 entries

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.

This is an advance summary of a forthcoming entry in the Encyclopedia of Law. Please check back later for the full entry.



Law is our Passion


This entry about Concert Party has been published under the terms of the Creative Commons Attribution 3.0 (CC BY 3.0) licence, which permits unrestricted use and reproduction, provided the author or authors of the Concert Party entry and the Encyclopedia of Law are in each case credited as the source of the Concert Party entry. Please note this CC BY licence applies to some textual content of Concert Party, and that some images and other textual or non-textual elements may be covered by special copyright arrangements. For guidance on citing Concert Party (giving attribution as required by the CC BY licence), please see below our recommendation of "Cite this Entry".

Cite this entry

Legal Citations Generator

(2015, 02). Concert Party lawi.org.uk Retrieved 09, 2021, from https://lawi.org.uk/concert-party/

02 2015. 09 2021 <https://lawi.org.uk/concert-party/>

"Concert Party" lawi.org.uk. lawi.org.uk, 02 2015. Web. 09 2021. <https://lawi.org.uk/concert-party/>

"Concert Party" lawi.org.uk. 02, 2015. Accesed 09 2021. https://lawi.org.uk/concert-party/

Agostino Von Hassell, 'Concert Party' (lawi.org.uk 2015) <https://lawi.org.uk/concert-party/> accesed 2021 September 19

Usage Metrics

675 Views. 519 Visitors.

Google Scholar: Search for Concert Party Related Content

 

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

CO



Recent Comments