A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On 7 July 2017, the Panel on Takeovers and Mergers published Panel Statement 2017/12, announcing the publication of Practice Statement No. 31, which deals with strategic reviews, formal sale processes...
On 7 July 2017, the Panel on Takeovers and Mergers
("Takeover Panel") published Panel
Statement 2017/12, announcing the publication of Practice Statement
No. 31, which deals with strategic reviews, formal sale processes
and other circumstances in which a company is seeking potential
offerors. The statement also addresses the consequential withdrawal
of, and amendments to, other Practice Statements.
In particular, the Practice Statement discusses the way in which
the panel executive ("Panel Executive")
normally interprets and applies Rules 2, 21.1 and 21.3, concerning
announcements, inducement fees and equality of information to
competing offerors.
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.
