Stakebuilding | Practical Law

Stakebuilding | Practical Law

A note on the restrictions applying to a bidder seeking to build a stake in the target through purchases of shares before or during a takeover bid. The note covers insider dealing; market abuse; consideration; irrevocable undertakings; Takeover Code restrictions; and disclosure requirements under DTR 5 and the Companies Act 2006.

Stakebuilding

Practical Law UK Practice Note 0-107-3608 (Approx. 27 pages)

Stakebuilding

by Stephen Cooke, Slaughter and May
MaintainedUnited Kingdom
A note on the restrictions applying to a bidder seeking to build a stake in the target through purchases of shares before or during a takeover bid. The note covers insider dealing; market abuse; consideration; irrevocable undertakings; Takeover Code restrictions; and disclosure requirements under DTR 5 and the Companies Act 2006.