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- T Tehal, Serious Fraud Office

Takeover Code

Exploring the new regulatory framework for the conduct of bids

Introduction

The Takeover Panel's eagerly awaited proposed changes to the Takeover Code have recently been announced. Athough less draconian than anticipated in some respects, it still represents a significant shift towards strengthening the target's position in a hostile takeover situation. In particular, the protection offered to target companies during "virtual bid" periods and an almost total prohibition on inducement fees and other deal protection mechanisms will have a profound effect on the takeover landscape.
 
This important conference is your first opportunity to debate the impact of the changes and what effect they will have on takeover practice.  We are delighted that the Takeover Panel have agreed to address the conference and answer any queries or concerns you may have. The speaker panel also includes Richard Carter, Department Business Innovation and Skills as well as a host of leading experts who have been at the coalface of some of the most controversial bids.

Event details


Date:

Wednesday 01 December 2010

Location:

Crowne Plaza - London the City
London, EC4V 6DB

6 CPD
Hours

Benefits

Attending this prestigious annual conference will help you understand:

  • Whether the Takeover Panel has struck the right balance in protecting the target without fettering the bidder
  • What practical effect will the changes to the Code have on hostile bids?
  • How will the abolition of inducement fees affect the success of bids?
  • What developments have there been in pre-bid conduct and advisory fees?

Who Should Attend

This event will benefit all corporate finance professionals including lawyers in private practice, advisers from the world of investment banking, in-house lawyers who may be involved in a takeover, barristers practising in corporate law, hedge funds and private equity houses.