Takeover Code

The Takeover Code is a set of rules in the UK that governs how companies can be bought or merged. Its main goal is to ensure fair treatment for all shareholders during a takeover process. It requires transparent communication, equal opportunity for shareholders to decide, and prevent unfair tactics. The code is overseen by the Panel on Takeovers and Mergers, which enforces these rules to maintain integrity and fairness in the market. Overall, it aims to facilitate open, honest, and orderly mergers and acquisitions.