UK Calls For Input On Post-Cadbury Merger Reforms

Law360, New York (June 1, 2010, 3:51 PM EDT) -- Britain's takeover regulator is calling for public comments on a host of proposed changes to the country's merger rules in the wake of the controversial buyout of U.K.-based Cadbury PLC by American food giant Kraft Foods Inc.

The Takeover Panel published a public consultation paper Tuesday as part of its review of the rules, prompted by concerns following Kraft's takeover of Cadbury in February that companies pursuing a hostile takeover can too readily obtain control of more than 50 percent of the voting rights of the...
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