The Takeover Code is a binding set of rules that applies to any public company that has its registered office in the UK, the Channel Islands or the Isle of Man, as well as to some private UK companies.

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The Code is designed to ensure that shareholders are treated fairly during the takeover process. They must not be denied the opportunity to decide on the merits of a potential takeover and shareholders of the same class must be afforded equivalent treatment by an offeror. The Code also provides an orderly framework within which takeovers are conducted. As a principles-based set of rules, it is not always easy to comply on a ‘tick box’ basis and early input from experienced advisers is essential.

The Takeover Code is implemented and overseen by the Panel on Takeovers & Mergers, a non-governmental regulatory organisation. Our CEO and Founder Brian Stockbridge served as a Regulator for the Panel on Takeovers & Mergers, where he presided over 150 transactions, many worth over £1bn. He therefore has extensive first-hand experience of the Takeover Code and our consulting services in this area are led and informed by this expertise. 


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