City Code on Takeovers and Mergers


Also found in: Financial.

City Code on Takeovers and Mergers

a body of principles and rules regulating the conduct of takeovers and mergers of public companies. While its provisions are not legally binding, contravention may result in the imposition of sanctions by the Stock Exchange.

The Panel on Takeovers and Mergers (The City Panel) is responsible for the operation of the Code.