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The code is designed principally to ensure that shareholders are treated fairly and are not denied an opportunity to decide on the merits of a takeover and that shareholders of the same class are afforded equivalent treatment by an offeror. The code also provides an orderly framework within which
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Rule 21.3, information provided by the board of the offeree to the recommended offeror must be available to a competing offeror (if one approaches)
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Rule 10, offer can be declared unconditional once the offeror holds over 50% of the voting shares of the offeree
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Rule 21, actions that could have the effect of frustrating a takeover bid require shareholder approval
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Rule 31.4, offer to remain open for 14 days after unconditional as to acceptances
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Rule 32.3, if the offer is revised all shareholders are entitled to reconsider
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Rule 9, when a mandatory offer is required, and who is responsible to make it
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Rule 6, acquisitions requiring offer of a minimum level of consideration
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Rule 36, for partial offers, the panel's consent is required
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Rule 3, who may advise shareholders on offers or approaches
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Rule 37, regulating a company's purchase of own securities
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Rule 11, when cash or securities are required as the offer
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Rule 14, where there is more than one share capital class
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Imperial Group
Pension Trust Ltd v Imperial Tobacco Ltd
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Rule 33.2, shutting off cash underwritten alternatives
226:. The Panel on Takeovers and Mergers. Archived from
76:Rule 16, special deals with favourable conditions
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199:R v Panel for Takeovers and Mergers Ex p Datafin
27:Set of rules for companies in the United Kingdom
270:D Kershaw, 'The Illusion of Importance' (2007)
160:Mergers and acquisitions in United Kingdom law
41:. Many of its provisions are mirrored in the
278:CBI argues for takeover code to be tightened
321:Corporate governance in the United Kingdom
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179:Howard Smith Ltd v Ampol Petroleum Ltd
35:The City Code on Takeovers and Mergers
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280:' (27 July 2010) The Guardian
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148:Designated Professional Body
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296:The Takeover Panel website
54:takeovers are conducted.
316:Mergers and acquisitions
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43:EU Takeover Directive
39:London Stock Exchange
171:Hogg v Cramphorn Ltd
276:Richard Wachmann, '
221:"The Takeover Code"
33:, or more formally
266:EGCI Working Paper
116:. You can help by
233:on 7 October 2010
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31:The Takeover Code
16:(Redirected from
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235:. Retrieved
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190:11 ILRM 66,
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118:adding to it
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272:56 ICLQ 267
192:poison pill
305:Categories
252:2004/25/EC
207:References
262:PL Davies
125:July 2010
154:See also
49:Contents
237:29 July
194:defence
202:QB 815
182:AC 821
174:Ch 254
231:(PDF)
224:(PDF)
137:Links
239:2010
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123:(
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