Corporate analysis: The Takeover Panel (Panel) has published a Response Statement setting out the responses to its consultation (PCP 2024/1) on companies subject to the Takeover Code (Code). The Panel has also published Instrument 2024/3 which amends the Takeover Code. The changes to the Code provide for a new jurisdictional framework, narrowing the scope of the companies to which the Code applies and refocusing the application of the Code to companies which are registered in the UK and listed (or were recently listed) in the UK.

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