Sign-in Help
Commentary

172 Stages of bid

COMPANIES vol 11 acquisitions, mergers, demergers
COMPANIES vol 11 acquisitions, mergers, demergers | Commentary

172 Stages of bid

COMPANIES vol 11 acquisitions, mergers, demergers | Commentary

2: BIDDING PROCEDURE—PRE-ANNOUNCEMENT PERIOD

(a) Introduction

172 Stages of bid

The procedure for putting in a bid for a target company which is a public company, as laid down by the City Code and in appropriate circumstances by the Listing Rules, falls into the following three broad stages:

  1. 172.1

        Pre-announcement: The first stage is the period during which the possibility of the bid is not common knowledge. It usually ends when an announcement of a possible or proposed offer is made in accordance with the City Code.

  2. 172.2

        Offer period: The second stage is the period

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial
EXISTING USER? SIGN IN TAKE A FREE TRIAL TAKE A FREE TRIAL
Stop drafting from scratch and work more productively.
Offering an unrivalled collection of non-litigation precedents for everything specialist and generalist practitioners are likely to encounter.
TAKE A FREE TRIAL Take a free trial Take a free trial