U.K. Companies Urged To Crack Down On M&A Leaks

Law360, New York (June 5, 2008, 12:00 AM EDT) -- Suspicious movements in share price have preceded a high number of takeover deals in the United Kingdom in recent years, and the country's financial regulators want companies to do more to tackle the apparent market abuse.

The U.K.'s Financial Services Authority on Thursday applauded the steps that many companies have taken to reduce sensitive information leaks on major financial deals, but said there was still more they could do to cut back on insider dealing.

Reducing the number of people who “need to know,” limiting access...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.