In November 2018, the UK Takeover Panel published Panel Consultation Paper 2018/2 which set out proposed amendments to the UK Takeover Code as a result of the UK’s withdrawal from the EU.
This month, the Panel published its Response Statement in which it confirmed the changes that will come into effect after Brexit. The main change is that, following Brexit, the Panel will no longer regulate (in whole or part) offers for EEA-registered companies that previously fell under the shared jurisdiction regime.
Please click here to read the full alert memorandum.