A timetable showing the main stages of a takeover bid (structured by way of an offer).

For a comparison of the timetables for a takeover offer and a scheme of arrangement under Part 26 of the Companies Act 2006 (CA 2006), see Practice note, Takeover offer and scheme of arrangement: comparative timetable.

For information on the amendments adopted by the Code Committee of the Panel on 22 May 2023 relating to the application of the offer timetable in a competitive situation, see Legal update, Takeover Code: response statement on the offer timetable in a competitive situation.