UK: Takeover Panel - Code amendments - publication of Responses Statements

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.