Panel on Takeovers and Mergers - The City watchdog whose job is to oversee the conduct of takeovers involving companies listed on the London Stock Exchange.The Panel writes and enforces the City Code on Takeovers and Mergers, which sets out in meticulous detail the management and timing of takeover bids. The objective of the City Code is to ensure that high standards of integrity and fairness are maintained, and that shareholders in both bidding and target company are treated equitably.The Panel is not concerned with the financial or commercial advantages or disadvantages of a takeover, nor is it concerned with competition issues.The City Code does not have the force of law, but, as the Code says "those who seek to take advantage of the facilities of the securities markets in the United Kingdom should conduct themselves in matters relating to takeovers in accordance with best business standards and so in accordance with the Code". It goes on to say that "Those who do not so conduct themselves may find that, by way of sanction, the facilities of those markets are withheld."Panel on Takeovers and MergersPO Box 226The Stock Exchange BuildingLondonEC2P 2JXTel: 020 7382 9026http://www.thetakeoverpanel.org.uk
Panel on Takeovers and Mergers : the city watchdog whose job is to oversee the conduct of takeovers involving companies listed on the london stock exchange.the panel writes and enforces the city code on takeovers and mergers, which sets out in meticulous detail the management and timing of takeover bids. the objective of the city code is to ensure that high standards of integrity and fairness are maintained, and that shareholders in both bidding and target company are treated equitably.the panel is not concerned with the financial or commercial advantages or disadvantages of a takeover, nor is it concerned with competition issues.the city code does not have the force of law, but, as the code says "those who seek to take advantage of the facilities of the securities markets in the united kingdom should conduct themselves in matters relating to takeovers in accordance with best business standards and so in accordance with the code". it goes on to say that "those who do not so conduct themselves may find that, by way of sanction, the facilities of those markets are withheld."panel on takeovers and mergerspo box 226the stock exchange buildinglondonec2p 2jxtel: 020 7382 9026http://www.thetakeoverpanel.org.uk
Panel on Takeovers and Mergers