Takeovers Panel withdraws document receipt guidance note
The Takeover Panel has withdrawn its Guidance Note on the Panel’s Receipt of Takeover Documents.
It says the note was published in 2001 when the Takeovers Code first came into force, at a time when market participants required guidance on the Panel’s role in the receipt and review of documents relating to Code-regulated transactions.
Market practice has now evolved to a point where that guidance is no longer required, the Panel says.
Last updated on the 25th February 2020