Categories:Corporate

Lawyers slam "populist" Takeover Panel consultation

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  • This is a difficult one as ownership of companies is an unrestricted market so if someone wants to sell shares they can do.
    The risk with an over-reaction is that the government could rush into a dangerous dogs type legislation, which would be a disaster.
    If new shareholders are disenfranchised it will dilute the value of those shares and those who want rid of them will struggle find buyers.
    It will also enable boards to close down hostile bids and that's not a good way to go.

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