In our public M&A podcast series, we discuss themes, developments and topical issues we see on public M&A transactions in the UK.
Episode 11: Code changes on conditions to an offer and the offer timetable
In the latest episode in our public M&A podcast series, we discuss the changes to the Takeover Code that will come into force on 5 July 2021. The changes will:
- update the rules on regulatory clearances, including removing the historical, special status for EU merger clearance and UK Competition and Markets Authority (CMA) clearance;
- simplify the timetable for contractual offers; and
- introduce a flexible contractual offer timetable, to accommodate regulatory timetables which run for longer than 60 days.
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