The UK Takeover Panel updates the Takeover Code provisions with special focus on regulatory and merger conditions applicable to takeover offers

Changes to the Takeover Code provisions on conditions to an offer, particularly those relating to regulatory / merger control clearance, and the offer timetable take effect today, Monday 5 July 2021. The revised rules apply to all firm offers which are announced (Rule 2.7 announcement) on or after 5 July. Firm offers announced prior to that date (or in competition with an offer announced prior to that date) will continue to be

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