We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

UK Panel Urges More Transparency For Merger Fees

Law360 (March 21, 2011, 1:48 PM EDT) -- A committee tasked with reviewing the United Kingdom's mergers and acquisitions code in the wake of Kraft Foods Inc.’s controversial $19 billion takeover of Cadbury PLC proposed a host of new rules Monday, including mandatory fee disclosures.

The fees garnered by lawyers, financial advisers, public relations professionals, accountants and others would have to be disclosed in any offering document if the proposed rules become final, according to a consultation paper prepared by the Code Committee of the Panel on Takeovers and Mergers.

Financing fees and advisory...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.