Meaning of “concert party” in the English Dictionary

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"concert party" in Business English

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concert partynoun [ C ]

uk us

FINANCE, STOCK MARKET a group of investors who all buy shares in the same company in order to be able to influence or take control of that company:

To prevent backdoor control, the government has introduced a 3% limit on individual or concert party holdings.

(Definition of “concert party” from the Cambridge Business English Dictionary © Cambridge University Press)