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Public M&A Podcast Series

03 December 2020 | Global


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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