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On July 14, the UK Takeover Panel announced the decision of the Takeover Appeal Board to uphold the decision of the Hearing Committee of the Takeover Panel to ban Daniel Posen, Brian Myerson and Brian Padgett for three years from all dealings with any person registered with the Financial Services Authority
On August 19, the UK Financial Services Authority (FSA) issued clarification of the manner in which certain of its rules apply to activist shareholders wishing to work together
