M&A Foundations · glossary
The City Code on Takeovers and Mergers — the rulebook, administered by the Takeover Panel, governing bids for UK public companies, with mandatory offers, strict timetables and equal treatment of shareholders. A different world from the private deals in this course. Chapter 3
Explained in Chapter 3, Deal Types and Structures, of M&A Foundations.
Everything in this course assumes a privately held target. If the target's shares are listed — a UK-listed plc, say — you step into a different and far more regulated world: the Takeover Code, administered by the Takeover Panel. The Code dictates the conduct and timetable of the bid: strict announcement obligations once talks leak or a possible offer emerges, equal treatment of all shareholders, a mandatory offer for the whole company once a buyer (with its concert parties)…Read Chapter 3, Deal Types and Structures →
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Every chapter of M&A Foundations is free to read, including the full training share purchase agreement. It is part of one complete fictional deal, with every document attached and a test after every chapter. Open M&A Foundations → · All terms A–Z →