Takeover Panel guidance

The Takeover Panel guidance provides rules and best practices to ensure fairness and transparency during company takeovers or mergers. It sets out procedures for bidders and target companies on how to communicate, when to make disclosures, and how to avoid unfair advantages. The goal is to create a level playing field, protecting investors' interests and maintaining confidence in the market. Essentially, it helps manage the process so all parties act responsibly and honestly throughout a takeover, ensuring that decisions are based on good, clear information.