Legal News

Panel confirms that Disney will need to make mandatory offer following Fox acquisition

Published on: 13 April 2018
Published by: LexisPSL
  • Panel confirms that Disney will need to make mandatory offer following Fox acquisition
  • Original news
  • What is the ‘chain principle’ and why did it apply here?
  • What price must the mandatory offer be made at?

Article summary

Corporate analysis: The Takeover Panel has ruled that following the completion of the acquisition by Disney of Twenty-First Century Fox, Disney will be required to make a mandatory offer for Sky plc pursuant to Rule 9.1 of the Takeover Code. The ruling is an example of the so-called ‘chain principle’ under the Code. or take a trial to read the full analysis.

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