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New takeover rules out suitors

Comments (0) | 28 Oct 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Code change in the UK causes rush of announcements by targets

Bidders were flushed into the open en masse when the UK’s new takeover rules came into effect in September.

Several companies were outed as potential acquirers under new requirements that targets name a bidder in announcements to the market.

For example, Canadian firm Red Label Vacations was named by ...

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