Following the October 2010 response to its initial consultation paper, the Takeover Panel (Panel) has recently closed the consultation period on its detailed proposed amendments to the Takeover Code (Code). The initial impetus for the proposed amendments was driven, in part, by the controversial takeover in 2010 by Kraft Foods of Cadbury and the political and media storm that arose when Kraft announced that it was to close Cadbury's Somerbury factory, having previously stated that it would be ke