In the latest issue of the Takeovers Panel's Code Word, the Panel addresses:
- its experiences with inadvertent breaches of the Takeovers Code involving smaller 'code companies', what these companies can do to mitigate these issues, and what the Panel is doing, or can do, to assist these companies and their shareholders; and
- the position of general partners and limited partners in limited partnerships in respect of the Takeovers Code. In particular the Panel notes why the transfer or issue of interests in a limited partnership that holds shares in a 'code company' could have Code implications.
Click here to read this issue.