CONCERT PARTY Meaning and
Definition
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A concert party refers to a group of individuals who come together with a common purpose, often in the context of business or finance. This term is primarily used in the United Kingdom and is commonly associated with corporate law and takeover bids.
In a corporate setting, a concert party consists of a group of shareholders who act collectively to exert control or influence over a company's management or board of directors. These individuals often share similar interests and objectives and work in concert to achieve their goals. They may jointly acquire shares, vote in a coordinated manner, or collude to control the company's decision-making process. The concert party can include both individuals and corporate entities.
The purpose of a concert party can vary, ranging from the preservation of existing management to the pursuit of a common agenda such as a corporate acquisition. Their actions may be seen as cooperative or conflicting depending on the specific situation and the extent of their unity.
In legal terms, the existence of a concert party is significant as it introduces additional regulations and restrictions to ensure transparency and fairness. In the UK, companies listed on the stock exchange are required to disclose any concert parties and their holdings to protect the interests of minority shareholders and ensure fair market practices.
Overall, a concert party represents a coordinated group of individuals or entities pooling their resources and efforts to achieve a particular objective within the realm of business and finance.
Common Misspellings for CONCERT PARTY
- xoncert party
- voncert party
- foncert party
- doncert party
- cincert party
- ckncert party
- clncert party
- cpncert party
- c0ncert party
- c9ncert party
- cobcert party
- comcert party
- cojcert party
- cohcert party
- conxert party
- convert party
- confert party
- condert party
- concwrt party
- concsrt party
Etymology of CONCERT PARTY
The term "concert party" has its roots in the late 19th century. It originally referred to a group of musicians who performed together in a concert setting. The word "concert" comes from the Italian "concertare", meaning "to bring into agreement". It entered English in the 16th century, referring to a musical performance.
In the early 20th century, the term "concert party" began to be used in a broader sense to describe a versatile troupe of entertainers who performed a variety of acts, including singing, dancing, comedy, and sketches. These entertainment groups would often travel and perform at various venues such as theaters, music halls, and other public gatherings.
The word "party" in "concert party" originally denotes a group of people or associates. However, in this context, it refers to a group of performers, rather than a social gathering.
