Your English writing platform
Free sign upExact(48)
A commission is already working on a law to replace its ineffective voluntary takeover code.
"Volkswagen never gave any positive indication to the takeover code," Mr. Tobin said.
But this week a small government amendment, supposed to safeguard London's envied takeover code, was enough to scupper the opposition.
Once Vodafone launches a formal bid, shareholders have up to 60 days, under Germany's takeover code, to vote their shares.
Amid the public outcry in Britain against this deal, the panel began review of the takeover code.
A new European Commission takeover code is again under threat from Germany, keen to protect its biggest car maker.
Similar(12)
If there is a deadlock among shareholders, it is unclear which bank would prevail under British takeover codes.
The free flow of goods and a common currency are one thing, but if companies have to deal with 15 different takeover codes when making cross-border acquisitions, a true single market is still an illusion.This setback for economic liberalisation comes at a bad time.
Under the Takeover Panel Code, Pfizer cannot raise last night's 'final' bid of £55/shares again.
Cain Hoy has until 10 October to firm up its interest or withdraw it, in accordance with the City Code on Takeovers and Mergers.
Cain Hoy's latest statement, however, did leave open the prospect of the company renewing its interest after a six-month restriction, which comes into place with immediate effect in accordance with the City Code on Takeovers and Mergers.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com