Government aims to outlaw Man United-style defences

Begum, Husnara
July 2005
Lawyer;7/4/2005, Vol. 19 Issue 26, p5
Trade Publication
The article discusses a recent statement by the British Government which will make it virtually impossible for a board to use the defence tactics used by the soccer team Manchester United Football Club during Malcolm Glazer's successful takeover of the club. In its recent response to the white paper on the Company Law Reform Bill, the Law Society said it generally supports the emphasis in the government's proposals on reducing burdens for companies. However, it argues that the changes will make it more difficult for directors of a company facing a hostile takeover or competing bids to balance the interests of the company against those of its selling shareholders.


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