UK: Takeover Code - new edition published

A new edition of the Takeover Code was published yesterday by the Takeover Panel. Changes include those announced in a couple of response statements published last year (RS 2008/2: miscellaneous code amendments and [2]RS 2008/3: electronic communications, websites and information rights), one of which will 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. A brief explanation of the changes is provided in this press release.