Transaction planning and preliminary issues phase on takeover transactions
Transaction planning and preliminary issues phase on takeover transactions

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • Transaction planning and preliminary issues phase on takeover transactions
  • Timing
  • What happens during this phase?
  • Key tasks for lawyers during this phase

Transaction planning and preliminary issues phase on takeover transactions

Timing

This Practice Note is part of the Corporate toolkit for public company takeovers.

Public company takeovers in the UK are highly regulated transactions and careful planning is key to the success of any takeover transaction. An offeror's preparations are therefore likely to begin weeks or even months before any announcement of the transaction.

From the offeree's perspective there are a number of preparatory steps that it may wish to take so as to be able to respond promptly and effectively to a potential bid. For many quoted companies, these systems and procedures are likely to be in place long before there is any rumour or speculation that the company is a possible takeover target.

For further details on the offer timetable, see Practice Notes: The offer timetable—before 5 July 2021 and The offer timetable—from 5 July 2021.

For indicative timetables for a recommended takeover and a hostile takeover,

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