CONCERT PARTY
concert party: translation
A group acting together in a takeover situation. Each member of the group (which acts in secret) buys a percentage of shares to avoid no longer being able to hide behind nominee status. Exchange Handbook Glossary
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concert party ˈconcert ˌparty noun concert parties PLURALFORM [countable]
FINANCE a group of investors who join together, sometimes secretly, to buy shares in a company individually and then combine them in order to get control of the company:
• The company and its concert parties are now in control of 86.1% of the shares.
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► See Acting in Concert.
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concert party UK US noun [C]
► FINANCE,
STOCK MARKET »
To prevent backdoor control, the government has introduced a 3% limit on individual or concert party holdings.