In the context of UK takeovers, Day 60 is defined in the Takeover Code as the 60th day following the publication of the initial offer document or such later date as is set under Rule 31.3 of the Code (extensions to Day 60). Day 60 is the last day by which all of the conditions to the offer must be satisfied or waived.

If a bidder wants to specify an unconditional date that is earlier than Day 60, it will normally be treated as having made an acceleration statement.

For further information, see Practice note, The offer timetable: Day 60: Last date for offer becoming unconditional.