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Finance - a la shmoop what does it mean to be acting in concert....George

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Clooney, Brad Pitt, Emma Stone and Chloe Moretz are all on stage to perform a [Brad, George, Emma and Chloe on stage]

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scene from The Merry Wives of Windsor as they are underscored by sweet violin

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music yeah okay that's not really what acting in concert is but it'd be kind of

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cool to see right it's actually not that far off the [Audience clapping]

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financial definition though and it is usually applied to an oceans 10 through

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12 kind of scenario where a group of investors is trying to take over a [Investors taking over a company building]

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company rather than rip off a casino that is it takes a certain number of

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shares to elect a board member remember but one investor may not have

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enough dough to buy those shares outright in the market or the company [Investor reaches for money in pocket]

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itself might have a poison pill clause such that if any one investor owns more

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than a set of maximum percentage of the company like 10% or 15% is max well then

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that investor has to get permission from the company to own more shares or the

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company prints something like a hundred new shares for every one that the [Printer printing new shares]

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company had previously diluting itself into oblivion it's the notion of that

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poison in that pill so acting in concert might involve a half dozen groups each [Groups of people investing]

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investing in the takeover of target company X with one owning 3%

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another owning 7% another owning 9.235%

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so that when it comes time to cast votes to elect that new board [Woman gets up to cast vote]

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member well the company then looks a whole lot different

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