Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
Find up-to-date guidance on points of law and then easily pull up sources to support your advice with Lexis PSL
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
This news analysis considers the recent decision of the Takeover Appeal Board (Board) to dismiss three appeals which arose in connection with the proposed merger of Ladbrokes plc (Ladbrokes) with the Gala Coral Group and what the decision means for corporate lawyers.
Takeover Appeal Board statement on Ladbrokes/Gala Coral merger, LNB News 15/06/2016 125
A Board statement has been issued in relation to the proposed merger of Ladbrokes and Gala Coral Group Ltd. The Board has dismissed three appeals made by a Ladbrokes shareholder who was concerned about, among other things, non-compliance with the requirement to publish material contracts on a website as required by Rule 26.3(d) of the City Code on Takeovers and Mergers (Code) and perceived omissions and inaccuracies in the circular issued in relation to the transaction on 30 October 2015.
The Board's decision is the latest development in connection with concerns of non-compliance with the Code regarding the proposed merger between Ladbrokes and the Coral Group (Coral) raised by Mr Desmond, a Ladbrokes shareholder. Mr Desmond was concerned about arrangements entered into between Ladbrokes and one of its suppliers.
Concerns raised by the shareholder included:
The Board has dismissed all appeals made by Mr Desmond, upholding
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234