Bird & Bird LLP | United Kingdom | 5 Jul 2021
Last October, the Panel on Takeovers and Mergers (the “Panel”) published proposals to make certain changes to the City Code on Mergers and Takeovers…
Macfarlanes LLP | United Kingdom | 30 Mar 2020
An obvious example is where the company needs urgently to issue new shares for cash or to capitalise debt. Ordinarily, Rule 9 would prevent this from…
Herbert Smith Freehills LLP | United Kingdom | 13 Feb 2019
On Monday, in its response to the consultation on protecting DB pension schemes and strengthening the Pensions Regulator, the Government confirmed its…
Gannons Solicitors | United Kingdom | 30 Nov 2018
Recently, retail billionaire Sir Philip Green was named in Parliament as the leading businessman accused by a newspaper of sexual and racial…
Slaughter and May | United Kingdom | 26 Nov 2018
This memorandum is a general guide to takeovers of UK incorporated and listed companies subject to The City Code on Takeovers and Mergers. It…
Macfarlanes LLP | European Union, United Kingdom | 9 Nov 2018
We noted last week that the Government had published draft regulations designed to address the regulation of company takeovers in the UK following…
Davis Polk & Wardwell LLP | United Kingdom | 21 Feb 2018
The existing framework for the regulation of statements governing a bidder's intentions for a target and its business was introduced to the City Code on Takeovers and Mergers in January 2015. The panel recently published Response Statement 2017/2 to its September 2017 consultation on statements of intention and post-offer undertakings. The resulting amendments to the code set out in this......
Davis Polk & Wardwell LLP | United Kingdom | 14 Feb 2018
The Takeover Panel recently published Response Statement 2017/1 to its July 2017 consultation on the sale of a target's assets in competition with a takeover offer and related matters. The amendments to the Takeover Code set out in the response statement took effect on January 8 2018 and include measures to prevent a bidder from circumventing the application of the Takeover Code by purchasing......
Dentons | European Union, United Kingdom | 25 Jan 2018
Welcome to the first 2018 edition of Dentons' UK Corporate Briefing, a quarterly summary of the most significant recent and forthcoming developments…
Baker McKenzie | United Kingdom | 29 Dec 2017
The Takeover Panel has published response statements RS2017/1 and RS 2017/2 in respect of their consultations proposing changes to the rules relating…