The UK is Open for Takeovers – Recent Changes to the UK Takeover Code

    View Authors October 2013


    Recently the UK Panel on Takeovers & Mergers announced the effectiveness of certain new rules that will apply to takeovers and similar transactions involving relevant UK companies.


    The rule changes include, amongst other things: (i) extending the jurisdiction of the Takeover Code to capture more target companies, (ii) new reporting requirements for profit forecasts made during takeover bids and (iii) new requirements on parties to takeover bids to update the market on the occurrence of a material development.


    Further details of those changes and a summary of some of the key issues which arise in UK takeovers can be found in this publication.