Takeover Panel: related pages
City Code on Takeovers and Mergers
The City Code on Takeovers and Mergers; the regulations that control takeover bids in the UK.
Concert party
A group of people acting in concert to make a takeover bid.
Dawn raid
The purchase of a large shareholding in a target company in a very short time, prior to the announcement of a takeover bid.
Mandatory offer
An offer to buy the remaining shares, required by the City Code of a shareholder or concert party that has bought a 30% or greater stake.
Unconditional offer
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Copyright Graeme Pietersz © 2005-2019