Request under Rule 21.3 of the Takeover Code for information supplied to competing bidders
Request under Rule 21.3 of the Takeover Code for information supplied to competing bidders

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Request under Rule 21.3 of the Takeover Code for information supplied to competing bidders

[Letterhead of offeror’s financial adviser]

The Directors

[insert name of offeree’s financial adviser]

[insert address]

[insert date]

Dear Directors

Rule 21.3 of the City Code on Takeovers and Mergers

As financial advisers to [insert name of offeror or potential offeror] (the Company), we are writing to you pursuant to Rule 21.3 of the City Code on Takeovers and Mergers (Rule 21.3).

Your client, [insert name of offeree] is subject to Rule 21.3 which, as you know, states that any information given to one offeror or potential offeror, whether publicly identified or not, must, on request, be given equally and promptly to another offeror or bona fide potential offer

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