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Expert Analysis

UK Takeover Panel Wants You To Be As Good As Your Word

Law360, New York (September 29, 2014, 9:56 AM EDT) -- On Sept. 15, the U.K. Takeover Panel issued a consultation paper in which it proposed changes to the City Code relating to statements by bidders and target companies concerning actions that they commit or intend to take, or not take, after the end of the offer period.[1] The consultation closes on Oct. 24, 2014. The new rules are expected to come into force at the end of the year....

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