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.

References in periodicals archive ?
"The circular sets out at length the relevant background, detailed proposals, consequences of the loss of protections provided by the City Code on takeovers and mergers and the board's recommendation, and shareholders are encouraged to read it carefully."
This deadline will only be extended with the consent of the Panel on Takeovers and Mergers, in accordance with Rule 2.6(c) of the City Code on Takeovers and Mergers.
"By publicly disclosing this, and as set out in today's regulatory announcement, the City Code on Takeovers and Mergers precludes JD Sports from making any such offer unless specific circumstances change."
The UK-based Panel on Takeovers and Mergers has granted UK-based environmental data specialist Trucost a dispensation from certain requirements under the City Code on Takeovers and Mergers mainly related to making mandatory annoucements, the company said.
18 April 2016 - The UK-based Panel on Takeovers and Mergers has granted UK-based environmental data specialist Trucost a dispensation from certain requirements under the City Code on Takeovers and Mergers mainly related to making mandatory annoucements, the company said.
Rule 2.6 (a) of the City Code on Takeovers and Mergers requires that H&H confirm its intentions by January 15.
AUTH., CONSULTATION PAPER 87: ENDORSEMENT OF THE CITY CODE ON TAKEOVERS AND MERGERS AND THE RULES GOVERNING SUBSTANTIAL ACQUISITIONS OF SHARES [section] 2.7 (2001), http://www.fsa.gov.uk/pubs/cp/cp87.pdf [hereinafter CONSULTATION PAPER].
"Accordingly, a competitive situation continues to exist for the purposes of Rule 32.5 of the City Code on Takeovers and Mergers.
The Panel on Takeovers and Mergers is the regulatory body which administers the City Code on Takeovers and Mergers.
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