Tuesday June 29 2021

News Source: Global Disclosures

Focus: Takeover and Acquisition

Type: General

Country: UK




The Takeover Panel has published the thirteenth edition of the Takeover Code.

The following sections have been updated:

  • Practice Statement No 5 – Rule 13.5(a) ā€“ Invocation of Conditions
  • Practice Statement No 11 – Working Capital Requirements in Cash and Securities Exchange Offers
  • Practice Statement No 22 – Irrevocable Commitments, Concert Parties and RelatedĀ Matters
  • Practice Statement No 24 – Appropriate Offers and Proposals Under Rule 15
  • Practice Statement No 26 – Shareholder Activism
  • Practice Statement No 29 – RULE 21.2 ā€“ Offer-Related Arrangements
  • Practice Statement No 30 – RULE 21.3 ā€“ Information Required for The Purpose of Obtaining Regulatory Consents
  • Practice Statement No 31 – Strategic Reviews, Formal Sale Processes and Other Circumstances in Which a Company is Seeking PotentialĀ Offerors

Click on the above link for further information.