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city code on takeovers and mergers



See alsodawn raid
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Dictionary of Finance and Investment Terms
dawn raid

British term for a practice whereby a raider instructs brokers to buy all the available shares of another company at the opening of the market, thus giving the acquirer a significant holding before the target company gets wise to the undertaking. In Londonbased markets, the practice is restricted by the City Code on Takeovers and Mergers.



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city code on takeovers and mergers