The UK Takeover Panel publishes a response statement explaining the changes that are going to be made to the Takeover Code

The Takeover Panel has just published its response statement (2020/1) making important changes to the Takeover Code regarding offer conditionality and timetable. They take effect on 5 July 2021 and will apply in relation to firm offers announced on or after that date. We set out our initial views and the key points below, and there’s a lot to consider and talk about, particularly in terms of how these affect deal tactics and preparation/planning. Our view the changes are broadly logical and welcome, and (although there’s a lot of detail) we expect them to “bed-in” and be accepted by the market fairly easily in practice. Most of the timetable and acceptance

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Hogan Lovells (London)
  • Hogan Lovells (London)
  • Hogan Lovells (London)
  • Hogan Lovells (London)
  • Hogan Lovells (London)

Quotation

Patrick Sarch, Tom Brassington, Nicola Evans, Maegen Morrison, Daniel Simons, The UK Takeover Panel publishes a response statement explaining the changes that are going to be made to the Takeover Code, 31 March 2021, e-Competitions April 2021 - II, Art. N° 100245

Visites 238

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues