Legal News

Takeover Panel proposes Code changes for 2022

Published on: 02 December 2021
Published by: LexisPSL
  • Takeover Panel proposes Code changes for 2022
  • Disclosure of minimum level, or particular form, of consideration required
  • Restrictions on acquisitions of interests in shares by a mandatory offeror at the end of the offer timetable
  • ‘Look-back period’ for determining the price of a mandatory offer
  • The chain principle
  • Restrictions following the lapsing of an offer or a statement of no intention to bid
  • Rule 35.1—Delay of 12 months
  • Rule 2.5—Terms and pre-conditions in possible offer announcements
  • Rule 2.8—Statements of intention not to make an offer
  • Minor amendments
  • More...

Article summary

Corporate analysis: The Takeover Panel (Panel) has published a consultation paper, which proposes various amendments to the Takeover Code (Code). or take a trial to read the full analysis.

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