Public M&A EP18: Proposed changes to the definition of ‘acting in concert’ under the Takeover Code

01/11/2022 24 min
Public M&A EP18: Proposed changes to the definition of ‘acting in concert’ under the Takeover Code

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Episode Synopsis

In this episode of our public M&A podcast series, we discuss the Takeover Panel’s recent consultation paper (PCP 2022/2) on the definition of ‘acting in concert’, in particular the Panel’s proposed approach to:

• groups of companies;
• investment trusts; and
• other investment entities.

It is important for affected entities to understand the impact of the proposed rule changes, even if they do not intend to undertake any public M&A.

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