Introduction This Practice Statement describes the way in which the Panel Executive normally interprets and applies Rule 13.5(a) of the Takeover Code in relation to when an offeror may invoke a condit…
Under Rule 2.7(a) of the Takeover Code, an offeror should announce a firm intention to make an offer only when it has every reason to believe that it can and will continue to be able to implement the…
From time to time, the Panel Executive is consulted by potential offerors about the acceptability of offer conditions relating to the working capital requirements of the enlarged offeror group after t…
