The Takeover Panel: Proposed Changes to the Takeover Code

October 26, 2010
A public consultation paper published by the UK Takeover Panel earlier this year regarding proposed amendments to the Takeover Code has created a great deal of interest among market participants and given rise to nearly 100 formal submissions. The amendments to the Code, particularly those regarding the regulation of takeover bids, were proposed partly in response to the concern expressed in some quarters at the recent takeover by Kraft Foods of Cadbury plc. This update examines the Takeover Panel’s response to the consultation, which has just been published.