Legal News

Court grants an Order requiring Mr King to make a mandatory offer under the Takeover Code (Panel on Takeovers and Mergers v King)

Published on: 02 January 2018
Published by: LexisPSL
  • Court grants an Order requiring Mr King to make a mandatory offer under the Takeover Code (Panel on Takeovers and Mergers v King)
  • Original news
  • What is the background to this case?
  • What was the order sought?
  • What issues were before the court? What did the court decide?

Article summary

Corporate analysis: The Court of Session, in Panel on Takeovers and Mergers v King, has ruled in favour of the Takeover Panel by granting an order to require Mr King to comply with the Panel’s rulings in 2017 that he should make a mandatory offer (rule 9 offer) under the Takeover Code (Code) for all the shares in Rangers International Football Club plc (Rangers) not owned by him or by Messrs Letham, Mr Taylor, and Mr Park (members of his concert party). or take a trial to read the full analysis.

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