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Takeover Panel confirms proposed changes to the offer timetable and offer conditions

Takeover Panel confirms proposed changes to the offer timetable and offer conditions
Published on: 31 March 2021
Published by: LexisPSL
  • Takeover Panel confirms proposed changes to the offer timetable and offer conditions
  • What is the background?
  • When will the changes come into effect?
  • What modifications has the Panel made to its original proposals?
  • Acceleration statements and Days 39 and 53
  • Prohibition on concurrent acceptance condition invocation notices
  • Offeree protection conditions
  • Invocation of conditions and pre-conditions to offers
  • Practice Statement 5
  • National Security and Investment Bill
  • More...

Article summary

Corporate analysis: The Takeover Panel (Panel) has published a response statement to its earlier consultation paper on proposed amendments to the Takeover Code (Code) regarding the treatment of offer conditions and the offer timetable. or take a trial to read the full analysis.

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