A note looking at the financing of a takeover bid, comparing the three main methods of cash, loan notes and shares. The section on cash looks at the cash confirmation statement and various means of financing the cash. The section on shares looks at pre-emption rights and merger relief and the section on loan notes looks at hold-over relief for qualifying corporate bonds (QCBs), roll-over relief for non-QCBs and Takeover Code considerations The note also addresses contingent value rights and mix and match offers.