How Tweaking The UK Takeover Code Affects Private Equity
Law360, New York (February 19, 2013, 5:06 PM EST) -- The U.K. Takeover Panel recently undertook three public consultations about proposed amendments to the City Code on Takeovers and Mergers. The public consultation period has now ended, and it is expected that the panel will implement these proposed changes in early 2013. This article discusses the proposed amendments — with a particular focus on issues which are likely to be relevant to private equity deals.
Background to the Proposed Changes
Substantial amendments were made to the Code in September 2011 in response to public criticisms of...