CodeWord Issue 21 - September 2007
In this issue
The Takeovers Panel has published a third edition of it Guidance Note about the Role of Independent Advisers for the purposes of the Takeovers Code. T...Read More
When the Code started in operation in 2001, the concept of a “merits” report was new to most advisers. The experienced advisers had been routinely inv...Read More
The second issue that has been of concern to the Panel has been that of the use of subcontractors by independent advisers, particularly where there is...Read More
The third issue of concern to the Panel relates to the content of reports about partial takeover offers.
The ability to make partial offers in a take...
The independence of advisers when successive offers are made by the same offeror for the same target company
During the period of the Code’s existence, there have been a number of occasions where bidders have made successive offers for the same target company...Read More