Dawn Raid in United Kingdom

Definition of Dawn Raid

In accordance with the work A Dictionary of Law, this is a description of Dawn Raid : 1. An offer by a person or persons (See concert party) to buy a substantial quantity of shares in a public company at above the market value, the offer remaining open for a very short period (usually hours). Because of the speed required smaller shareholders may have little opportunity to avail themselves of the offer. Rules restrict the speed at which such acquisitions can be made.

See sars.

2. An unannounced visit by officials of the European Commission or the UK Office of Fair Trading investigating cartels or other breaches of the competition rules under Articles 81 and 82 (*Article 81; Article 82) of the Treaty of Rome or under the Competition Act 1998.