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On 19 December 2008 the
Takeover Panel's Code Committee issued a couple of response statements: [1]
RS 2008/2: miscellaneous code amendments and [2]
RS 2008/3: electronic communications, websites and information rights. The amendments introduced by these statements come into force on 30 March 2009.
Amongst the changes being introduced by RS 2008/3 is one to permit offerors and offeree companies to use electronic forms of communication (e.g., websites and e-mail) to send information about offers to offeree company shareholders.
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