Takeover Panel: sort out pensions before going hostile

Power, Helen
May 2005
Lawyer;5/16/2005, Vol. 19 Issue 19, p1
Trade Publication
Focuses on the efforts of the officials of Takeover Panel company to point out on the significance of complying the Rule 2.4 of the Takeover Code in making formal takeover bids conditional on clearance from the new pensions regulator. Reliance of the bidders on the goodwill of the incumbent board to provide access to due diligence; Factors affecting the financial structure of the bidders; Way of negotiating with the pension trustees.


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