Quick Reference

1 The storage of goods in a warehouse.

2 Building up a holding of shares in a company prior to making a takeover bid, by buying small lots of the shares and ‘warehousing’ them in the name of nominees. The purpose is for the bidder to remain anonymous and to avoid having to make the statutory declaration of interest. This practice is contrary to the City Code on Takeovers and Mergers.

Subjects: Economics.

Reference entries