Takeovers: Codes of Practice
(asked on 2nd May 2018) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the effectiveness of the Takeover Code following the take over of GKN by Melrose.
This question was answered on 10th May 2018
The Takeover Code is administered by the Takeover Panel, an independent organisation. The Code was strengthened earlier this year to give companies more time to respond to a bid and to require bidding companies to provide more information on their intention earlier in the takeover process.