Legal Briefing
Takeover Code – proposals to amend Rules 28 and 29 on profit forecasts and merger benefits statements
Practice Area: General Financial Services
Sector: Investment Management
Jurisdiction: England & Wales
Published: 18 March 2010
Law Firm: Herbert Smith
Overview
The Takeover Panel has published a consultation paper, PCP 2010/1, in relation to proposed amendments to the Takeover Code provisions on profit forecasts, asset valuations and merger benefits statements. In summary, the Panel is proposing:
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