QCA Response to the Takeover Panel - Post-Offer Undertakings and Intention Statements

5th November 2014

Email a Friend

Our Legal and Corporate Finance Expert Groups contributed to our response to the Takeover Panel Consultation PCP 2014/2 on Post-Offer Undertakings and Intention Statements. We considered the Takeover Panel's approach to be welcome and balanced, and suggested a few further clarifications. We noted that the proposals should encourage Offerors to be less reluctant about making meaningful statements of intention in relation to the matters in Rule 24.2 as there is now greater clarity over the regulatory consequences. We welcomed that commitment statements will need to be specific and precise, becoming less likely to give rise to costly monitoring regimes.

Click here to download the response (pdf)

Join Now

  • Gain access to investors
  • Benefit from our campaigns on key policy issues
  • Receive discounts on best practice guides
  • Connect with other members of the sector at our events
  • Stay ahead of the issues with up-to-date news and information
Join now

Newsround

Newsround is the QCA's monthly newsletter produced for the small and mid-cap community.

Sign up