Schemes

Schemes guidance:

The City Code on Takeovers and Mergers (Code) is the principal source of rules governing: • the timing, manner and specific content of announcements prior to and during a...

Practice Note

This Practice Note considers the general prohibition on break fees and other deal protection measures (or ‘offer-related arrangements’) introduced in...

Practice Note

The United Kingdom has voted to leave the European Union. Brexit can occur either in accordance with a ratified withdrawal agreement between the UK and the EU or...

Practice Note

Click here to download the latest Mergers & Acquisitions 2017 report, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are covered...

Practice Note

This Practice Note examines the law and practice on giving irrevocable commitments or undertakings or letters of intent in the context of a public company takeover...

Practice Note

Click here to download the Market Intelligence: Mergers and acquisitions 2018 guide, published by Getting the Deal Through. Jurisdictions covered The following...

Practice Note

This Practice Note, produced with input from Rebecca Cousin of Slaughter and May on market practice, considers the preliminary issues an offeree will need to consider...

Practice Note

Produced with input from Rebecca Cousin of Slaughter and May on market practice. Background Public company takeovers in the UK are highly regulated...

Practice Note

This Practice Note, produced with input from Rebecca Cousin of Slaughter and May on market practice, considers the preparatory actions a quoted company may...

Practice Note

This report aims to provide an insight into trends in public M&A activity in 2014 and takes a look at what we might expect to see in the coming year. Key facts include: •...

Practice Note

The Market Tracker Trend Report provides in-depth analysis of the 94 firm and possible offers announcements made for companies subject to the Takeover Code in 2016. It...

Practice Note

The Market Tracker Trend Report provides in-depth analysis of the 90 firm and possible offers announcements made for companies subject to the Takeover Code in 2017. It...

Practice Note

The Market Tracker trend report provides in-depth analysis of the 42 firm and 49 possible offers announcements made for companies subject to the Takeover Code in 2018. It...

Practice Note

This report examines market trends in respect of UK public M&A deals in the first half of 2013. It aims to provide an insight into the dynamics of public M&A activity in...

Practice Note

This report provides an in-depth analysis of 39 firm and possible offer announcements. Topics covered include transaction structure, foreign bidder activity and the...

Practice Note

This report provides in-depth analysis of the 46 firm and possible offer announcements made for companies subject to the Takeover Code in H1 2015. It includes insight...

Practice Note

This report provides in-depth analysis of the 42 firm and possible offer announcements made for companies subject to the Takeover Code in H1 2016. It includes insight...

Practice Note

The Market Tracker Trend Report provides in-depth analysis of the 52 firm and possible offers announcements made for companies subject to the Takeover Code in the first...

Practice Note

Market Tracker’s latest trend report, Trends in UK Public M&A deals in H1 2019, examines the current trends in the UK public mergers and acquisitions (M&A) market. The...

Practice Note

In recent years, schemes have been the structure of choice for the majority of offerors implementing a takeover despite the prohibition of cancellation schemes in the...

Practice Note

The City Code on Takeovers and Mergers (Code) was originally drafted without specific reference to schemes of arrangement, the Takeover Panel (Panel) applying the Code to...

Practice Note

Produced with input from Rebecca Cousin of Slaughter and May on market practice. This Practice Note explains the nature of a scheme of arrangement in a takeover context,...

Practice Note

Produced with input from Rebecca Cousin of Slaughter and May on market practice. This Practice Note looks at the detailed procedures to be followed to implement the...

Practice Note

Structure of public-to-private takeovers A public to private transaction is one where an unlisted company acquires a listed company, so that the target company becomes...

Practice Note

Overview of key issues The key concepts discussed in this Practice Note are: • why share incentives are a key issue on a takeover by scheme of arrangement • the different...

Practice Note

This Practice Note contrasts and compares the principal features of the two most commonly utilised transaction structures for the acquisition of a UK public limited...

Practice Note

It is a fundamental concept of the City Code on Takeovers and Mergers (Code) that an offeror should announce a firm intention to make an offer only after the most careful...

Practice Note

References in this glossary to Rules and Notes are to the rules of, and notes to, The City Code on Takeovers and Mergers (Code) and references to the CA 2006 are to the...

Practice Note