Wednesday 24 December 2014

UK: Takeover Panel response statement and instrument - post offer undertakings and intention statements

The Takeover Panel yesterday published Response Statement 2014/2 Post offer undertakings and intention statements, following its consultation earlier this year: see here (pdf). The response statement is accompanied by Instrument 2014/4, which will make amendments to the Takeover Code, to implement new rules concerning post offer undertakings and post offer intention statements: see here (pdf). The revised version of the Code will take effect from 12 January 2015.

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