Takeover Panel publishes Panel Bulletins on the operation of specific provisions of the Takeover Code

Article summary

The Takeover Panel has released a statement regarding the creation of a Panel Bulletins page on its website, which contains bulletins on the operation of specific provisions of the Takeover Code. The first two bulletins relate to requirements in relation to meetings and telephone calls with shareholders and others (Panel Bulletin 1) and management buyouts or similar transactions (Panel Bulletin 2). The Panel Bulletins do not entail any changes to the interpretation or application of the Code but are intended to remind practitioners and market participants of the operation of specific provisions in the light of issues of which the Executive becomes aware.