On 29 November 2o23, SWI DP issued mediation decisions on access to takeover data. SWI DP published recommendations following takeover of Credit Suisse (CS) by UBS. Main Points Following the takeover of Credit Suisse by UBS, several applications for access to information were submitted under the Freedom of Information Act that were refused. By invoking […]

On 11 November 2023, AST GVT registered 32nd compilation of Foreign acquisitions and takeovers act 1975 above, setting out text as amended and in force on 20 October 2023. This compilation reflects an amendment to the meaning of the definition of associate, arising as a result of the creation of a single ASTCA glossary.

On 12 November 2023, BHR CB issued amendments to the TMA module. BHR CB issued letter re amendments to takeovers, mergers and acquisitions module under CBB rulebook volume 6 regarding Independent advice and shareholder approval. Follows BHR CB consultation on takeovers and mergers amendments. Highlights Removed text re obtaining independent advice whether offer is in […]

On 11 October 2023, UK Takeover Panel launched website for digital version of code. UK Takeover Panel launched digital version of Takeover code on a new dedicated website. Summary Functions include navigation between provisions, pop-up boxes for defined terms, tabs linking rules to related practice statements, pdf copy of code (amended 22 May 2023). Plus […]

On 30 September 2023, AST GVT registered 30th compilation of the Foreign acquisitions and takeovers act 1975, setting out the text as amended and in force on 15 September 2023.  

On 28 September 2023, BHR CB proposed amendments to takeovers and mergers. BHR CB consulted on amendments to takeovers, mergers and acquisitions module. Amendments to section TMA-2.2 Independent Advice and Shareholder Approval of the Takeover, mergers and acquisitions module (Module TMA) under CBB rulebook – vol. 6. Amendments Amendments to paras TMA-2.2.1, TMA-2.2.3; new TMA-2.3A […]