M&A Foundations · glossary
Where a listed company is involved, the formal record required by market abuse rules of everyone who knows about the unannounced deal. An undisclosed deal is inside information, so knowledge of it is tracked and dealing on it is a crime. Chapter 5
Explained in Chapter 5, Preparing for a Deal, of M&A Foundations.
Insider lists and market-abuse discipline. Atlas is London-listed, and a possible €42 million acquisition may well be inside information — information that, if public, could move Atlas's share price. UK market-abuse rules then bite: everyone who knows goes on an insider list, maintained with dates and times; insiders must not deal in Atlas shares or tip anyone off; and announcements are tightly controlled. That is why the SPA provides for a single agreed Announcement at…Read Chapter 5, Preparing for a Deal →
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Every chapter of M&A Foundations is free to read, including the full training share purchase agreement. It is part of one complete fictional deal, with every document attached and a test after every chapter. Open M&A Foundations → · All terms A–Z →