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UK takeover rules under scrutiny

Comments (0) | 11 Feb 2011 | Rating Rating (-1 to +1): 0.0

| Print by Tim Human

Two cases raise questions about when companies should be required to make a statement about bid speculation

The UK’s Takeover Code has come under scrutiny in recent months over when companies should be forced to confirm a bid. Under the code – which is policed by the Takeover Panel – companies must make a statement if news of an approach leaks and there is an ‘untoward’ movement in ...

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