Consultation on amendments to takeover code

Close date: 27 May 2011

The Code Committee of the Takeover Panel is consulting on amendments to the takeover code. It proposes that the code should take more account of employees who are affected by takeovers, by improving the quality of disclosure by offerors and offerees in relation to the offeror’s intentions regarding the offeree and its employees, and better enabling employee representatives to make their views known.
Consultation document: Review of certain aspects of the regulation of takeover bids and proposed amendments to the takeover code (PDF format, 674K) (on the Takeover Panel website)