Sullivan & Cromwell Discusses Changes to UK Takeover Code
Reynolds Holding
DECEMBER 3, 2023
Currently, these broadly comprise: alterations to the target’s share capital, such as by issuing shares or granting options; acquisitions or disposals of assets of a material amount; and entry into contracts otherwise in the ordinary course of business. In addition, Rule 21.1 lists a number of actions that are explicitly restricted.
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