| 释义 |
concert party
(consortium) An agreement (which may or 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 2006 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. Compare dawn raid. |