Announcing the offer | Practical Law

Announcing the offer | Practical Law

Announcing a takeover bid crystallises the obligation to make an offer under the Takeover Code (subject to any pre-conditions). This note looks at the content of the firm offer announcement, irrevocable undertakings obtained before the announcement and typical conditions applied to the bid as well as the announcement of a possible offer.

Announcing the offer

Practical Law UK Practice Note 6-107-3610 (Approx. 32 pages)

Announcing the offer

by Stephen Cooke, Slaughter and May (updated by Practical Law Corporate)
MaintainedUnited Kingdom
Announcing a takeover bid crystallises the obligation to make an offer under the Takeover Code (subject to any pre-conditions). This note looks at the content of the firm offer announcement, irrevocable undertakings obtained before the announcement and typical conditions applied to the bid as well as the announcement of a possible offer.