Are corporate takeovers in the United Kingdom like taking candy from a baby? Just ask chocolate maker Cadbury plc, which was gobbled up by Kraft Foods Inc. in a $19 billion hostile takeover last January.
The political fallout from the controversial deal prodded the U.K.’s Takeover Panel to propose a series of rule changes in October. The panel, an independent body that regulates acquisitions, said that it aimed to redress what it called the “tactical advantage” of hostile bidders. The proposals don’t mark a radical shift, but could deter some potential corporate raiders from attempting large deals or at least require greater preparation before launching a bid, say City mergers and acquisitions lawyers.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
