Overview

All takeovers of public companies in the UK are subject to regulation under the City Code on Takeovers and Mergers. The principal purposes of the Code are to ensure fair and equal treatment of all equity shareholders in a target company, to provide an orderly framework for the conduct of takeovers and to ensure that shareholders are not denied an opportunity to make an informed decision on the merits of an offer.

This comprehensive overview from Macfarlanes' corporate and M&A team details who creates the code, who it applies to, what it consists of and how it is enforced.

To access the full guide, click 'View Briefing'.