FromCounsel is delighted to announce the further development of its content with the launch of the following new section:
- Takeover Code: Schemes of arrangement – this section looks at the considerations when choosing whether to use a scheme or a contractual offer on a takeover of a Code company and provides detailed commentary on the application of the Code to a takeover by scheme, including the Code timetable, announcements and documentation on a takeover scheme and switching between a scheme and a contractual offer.
FromCounsel is also pleased to announce the enhancement of the following Q&A section:
- Schemes of arrangement – FromCounsel’s existing members’ schemes of arrangement content has been reviewed and restructured to complement and cross-refer to the new ‘Takeover Code: Schemes of arrangement’ section referred to above, together with further analysis of case law and practice points.
In addition, we have expanded our Precedents and Related Resources with a suite of:
- Takeovers resources which complement our Takeover Regulation - Overview and Rule 2 preliminary issues content, including:
- FC Commentary: Takeover Appeal Board and Hearings Committee rulings on chain principle offer price for Sky by Disney;
- Table: Takeover Panel rulings on Rule 2 announcement triggers;
- Precedent: Target board memorandum – duties and responsibilities on a takeover;
- Precedent: Bidder board memorandum – duties and responsibilities on a takeover;
- Diagram: Which parties count towards the ‘Rule of six’ for the purposes of Rule 2.2 Takeover Code?;
- Timeline: Clarification of potential competing bids;
- Flowchart: Is an announcement required by Rule 2.2 Takeover Code?;
- Flowchart: Is an announcement required by Rule 2.2(c) or Rule 2.2(d) Takeover Code?; and
- Flowchart: Is an announcement required by Rule 2.2(f) Takeover Code?
- ECM resources which complement our AIM content: