Its basic aim is to explain three critical elements of this area of law: takeover offers in the context of other forms of takeover and company acquisition
the City Code on Takeovers and Mergers
how the City Code interacts with the statutory provisions regulating takeovers and the rules of the London Stock Exchange.
It leads practitioners step-by-step through correct takeover procedure ultimately saving them time.
All information for a successful takeover is contained in this volume negating the need for reference to other texts and it also provides practitioners with an overview of the relevant regulations and ready source of reference, saving them the trouble of consulting detailed rules where unnecessary.
Both sides of the takeover process are considered - making and contesting and documents commonly used in takeover offers are included. Details are also included of the obligations and provisions which listed companies must comply with relating to takeovers, as stated in the Yellow Book.
Table of ContentsBasic concepts
types of takeover
the regulation of takeover offers
types of takeover offer
planning the bid and the status of the offeror
approaches, secrecy, announcements and independent advice
dealings in the shares of the target company or the offeror other than pursuant to the offer
recommended, contested, mandatory and competing offers
the voluntary offer and its terms
provisions applicable to all offers
conduct during the offer period
the offer period - timing and revision
restrictions after the offer or failed offer
profit forecasts and asset valuations
the yellow book
legal liabilities and duties of the parties involved in a takeover
financial assistance and misleading statements and practices
accounting and tax issue. Appendices: outline timetable for a super class 1 recommended offer