GLOSSARY

Acting in concert (Code definition) definition

What does Acting in concert (Code definition) mean?

Persons acting in concert comprise persons who, pursuant to an agreement or understanding (whether formal or informal), co-operate to obtain or consolidate control of a company or to frustrate the successful outcome of an offer for a company. A person and each of its affiliated persons will be deemed to be acting in concert all with each other. In addition, the Code lists a number of persons who will be presumed to be acting in concert with other persons in the same category unless the contrary is established.

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