19 Jul 2017
This briefing sets out the proposed amendments to the Takeover Code set out in the consultation paper (PCP 2017/1) in relation to asset sales by a target company in competition with an offer, and briefly considers the new Practice Statement 31.
The Panel has published a consultation paper (PCP 2017/1) in relation to asset sales by a target company in competition with an offer. This briefing sets out the proposed amendments to the Takeover Code, some of which have broader application than the immediate subject matter of the PCP suggests, and briefly touches on the new Practice Statement 31 published by the Panel in relation to the conduct of strategic reviews and formal sale processes.
This material is provided for general information only. It does not constitute legal or other professional advice.
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