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Takeover Panel aims to pull the plug on virtual bids

Comments (0) | 25 Mar 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Bidders could face a much tighter takeover timetable under proposed new rules

The UK’s Takeover Panel has proposed a dramatic shake-up of its rules to reduce what it calls the ‘tactical advantage’ held by hostile bidders over the targets they wish to acquire.

The proposals are the result of a review into the Takeover Code triggered by the hostile takeover of ...

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