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

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UK Takeover Panel, Thirteenth edition of the Takeover Code, Law, 5 July 2021

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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