What is Parking Violation?
The illegal practice of an acquiring company concealing ownership of the target company by holding stock under a related third party before attempting corporate takeover. Read more for examples and further explanation including related video clips and also comments
Example explains Parking Violation
Unlike the parking violations that many of us as drivers commit inadvertently, this type of violation is deliberately hostile. By having a third party hold significant portions of stock, the acquiring company can prepare for a takeover without exceeding certain ownership reporting levels and alerting the target company.
Parking Violation definition explanation
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