UK: Takeover Panel Code Committee publishes review of amendments

The Takeover Panel Code Committee has published its review of the amendments made last year to the Takeover Code: see here (pdf). In the Committee's view the changes have worked well overall. In one respect, however, the Committee expresses disappointment: with the quality of disclosures of intention made by offerors under Rule 24.2 which, in many cases, have been general and not specific.