Clifford Chance
Impact of UK Takeover Code Reform
15 September 2011
Important changes to the UK Takeover Code will take effect on 19 September 2011. The Panel is introducing various measures to address the tactical imbalance which had arisen between prospective bidders and targets in recent years. The measures are likely to have the Panel's desired effect of hampering opportunistic and unwelcome bidders and will provide protection against protracted so-called "virtual bids". Our Client Publication: Impact of UK Takeover Code Reform summarises the changes being made to the UK regime, focusing in particular on the likely impacts on bids going forward.
