TITLE

Takeover Panel: sort out pensions before going hostile

AUTHOR(S)
Power, Helen
PUB. DATE
May 2005
SOURCE
Lawyer;5/16/2005, Vol. 19 Issue 19, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
17197492

 

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