The
UK Takeover Panel Code Committee has published a consultation paper titled
Statements of intention and related matters: see
here (
pdf). Amendments are proposed to Rules 2.7, 19.5, 19.6,
24 and 25 of the
Takeover Code, the effect of would be, for example, to bring forward the requirement for an offerer to make statements of intention to the time at which the announcement of a firm intention to make an offer is made.
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