September 17, 2021

Takeover Panel prepares Code review response

first_img Show Comments ▼ Share A PRIVATE put-up-or-shut-up deadline is the most likely significant proposal to come out of the consultation on proposed changes to the Takeover Code, according to M&A experts.The Takeover Panel’s response to the consultation – sparked by controversy over Kraft’s takeover of Cadbury earlier this year – is due in the next couple of weeks, while a government review into the code is also underway. They aim to examine whether it is too easy for foreign companies to snap up British firms under the UK’s regime, currently the most open in the world.However, the consensus at a MergerMarket briefing event yesterday – where speakers included ex-Cadbury chairman Roger Carr, Slaughter & May partner Stephen Cooke, Herbert Smith partner David Paterson and Morgan Stanley managing director Suniti Chauhan – concluded some suggestions put forward would be either too difficult to implement or verging on protectionism.They include increasing the acceptance threshold, disenfranchising shares held by short-term investors, and allowing state intervention.More likely would be a private put-up-or-shut-up deadline before the bid is made public, or a shortening of the takeover period. Tags: NULL whatsapp Takeover Panel prepares Code review response whatsapp KCS-content More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told Thursday 9 September 2010 8:35 pmlast_img read more

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