The Takeover Code

The Takeover Code, established by the UK’s Takeover Panel, sets rules for how companies are acquired. Its main goal is to ensure fairness and transparency during takeovers. This code requires that shareholders are treated equally, that they receive adequate information about the offer, and that bids are conducted honestly. It also establishes time limits for responses and requires that any shareholder's interests are protected throughout the process. Essentially, it aims to create a level playing field for all parties involved, ensuring that shareholders can make informed decisions during takeover offers.