Categories:Corporate,UK

Takeover Code amendments — profit forecasts, quantified financial benefits statements and material changes in information

The Code Committee of the Takeover Panel has published amendments to the Takeover Code relating to profit forecasts, quantified financial benefits statements and material changes in information. The changes take effect on 30 September 2013.

The amendments to the code are intended to provide clarity to ‘offerors’ and ‘offerees’ who publish profit forecasts before an offer is made and during the offer period and, in certain circumstances, reduce the reporting requirements. While the new provisions are intended to encourage parties to an offer to publish more profit forecasts or quantified financial benefits statements, it remains to be seen whether or not that will be the case…

If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

Lacon House
84 Theobald's Road
London
WC1X 8RW
UK
http://www.nabarro.com

Turnover (£m): 116.70
No. of lawyers: 405