UK Takeover Code

The UK Takeover Code is a set of rules ensuring fair treatment for all shareholders during mergers or acquisitions of publicly listed companies. It governs how unsolicited bids are made, how information is shared, and safeguards against unfair practices. The code aims to provide transparency, protect minority shareholders, and promote open, honest negotiations. Enforced by the Panel on Takeovers and Mergers, it applies once a bidder reaches a 30% ownership stake, outlining procedures for bids, disclosures, and timing to maintain a level playing field throughout the takeover process.