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Finance: What Does It Mean to be Acting in Concert? 2 Views
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Description:
What does it mean to be acting in concert? Acting in concert describes more than one party partaking in the same investment opportunity. Usually this happens when a company is bought and the purchase is split equally among multiple investors.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Banking
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- Terms and Concepts / Trading
Transcript
- 00:00
Finance - a la shmoop what does it mean to be acting in concert....George
- 00:08
Clooney, Brad Pitt, Emma Stone and Chloe Moretz are all on stage to perform a [Brad, George, Emma and Chloe on stage]
- 00:12
scene from The Merry Wives of Windsor as they are underscored by sweet violin
- 00:17
music yeah okay that's not really what acting in concert is but it'd be kind of
- 00:21
cool to see right it's actually not that far off the [Audience clapping]
Full Transcript
- 00:23
financial definition though and it is usually applied to an oceans 10 through
- 00:27
12 kind of scenario where a group of investors is trying to take over a [Investors taking over a company building]
- 00:31
company rather than rip off a casino that is it takes a certain number of
- 00:36
shares to elect a board member remember but one investor may not have
- 00:41
enough dough to buy those shares outright in the market or the company [Investor reaches for money in pocket]
- 00:44
itself might have a poison pill clause such that if any one investor owns more
- 00:48
than a set of maximum percentage of the company like 10% or 15% is max well then
- 00:53
that investor has to get permission from the company to own more shares or the
- 00:59
company prints something like a hundred new shares for every one that the [Printer printing new shares]
- 01:03
company had previously diluting itself into oblivion it's the notion of that
- 01:07
poison in that pill so acting in concert might involve a half dozen groups each [Groups of people investing]
- 01:13
investing in the takeover of target company X with one owning 3%
- 01:17
another owning 7% another owning 9.235%
- 01:21
so that when it comes time to cast votes to elect that new board [Woman gets up to cast vote]
- 01:25
member well the company then looks a whole lot different
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GED Social Studies 1.1 Civics and Government
