New Edition of the Takeover Code
On 12 September 2016, the 12th edition of the Takeover Code came into effect. This new edition includes amendments in relation to the communication and distribution of information on which the Takeover Panel consulted on in February 2016 and which were discussed in the April 2016 edition of this newsletter. It also includes Terms of Reference and Rules of Procedure for the Hearings Committee. There are also new procedures for the amendment of the Takeover Code and various minor amendments to certain Practice Statements in relation to the Code issued by the Takeover Panel.
The new edition of the Takeover Code can be accessed here:
http://www.thetakeoverpanel.org.uk/wp-content/uploads/2016/09/The-Takeover-Code-September-2016.pdf
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.