Monday 29 July 2019

UK: Takeover Panel publishes annual report for 2018/19

The Takeover Panel has published its annual report for the year ending March 2019: see here (pdf). The report notes a higher number of hostile offers being launched than in previous years and an increase in the number of cases featuring an interplay between the Takeover Code and the insolvency regime. The report notes, as well, the end of the case that saw it, for the first time, seek an order under section 955 ("Enforcement by the court") of the Companies Act 2006 (about which, see [2017] CSOH 156 and [2018] CSIH 30).

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