This paper examines the legal discipline and rationales of the timing following a possible offer announcement. Provided that in competitive scenarios, with regard to announcements, the general preference for creating auctions and increasing shares price can trump other principles of the UK Takeover Code, it is assessed whether such a principle is the fundamental and prevailing one in multiple bidders contexts.
Rule 2.6(d) of the UK Takeover Code: enhancing auctions first—an underlying theme of the UK Takeover Code?
Fornasari Federico
2017
Abstract
This paper examines the legal discipline and rationales of the timing following a possible offer announcement. Provided that in competitive scenarios, with regard to announcements, the general preference for creating auctions and increasing shares price can trump other principles of the UK Takeover Code, it is assessed whether such a principle is the fundamental and prevailing one in multiple bidders contexts.File in questo prodotto:
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