Takeover Panel Extends Application of UK Takeover Code

May 22, 2013

The UK Panel on Takeovers and Mergers (“Panel”) published its response to a public consultation paper concerning companies subject to the City Code on Takeovers and Mergers (“Code”) on 15 May 2013. The Panel announced that the application of the Code should be extended through the removal of the residency test in respect of certain companies (notably, UK companies trading on AIM).

Read “Takeover Panel Extends Application of UK Takeover Code“.