The Takeover Panel ? (2 Viewers)

The Panel on Takeovers and Mergers (the “Panel”) is an independent body, established in 1968, whose main functions are to issue and administer the City Code on Takeovers and Mergers (the “Code”) and to supervise and regulate takeovers and other matters to which the Code applies in accordance with the rules set out in the Code. It has been designated as the supervisory authority to carry out certain regulatory functions in relation to takeovers pursuant to the Directive on Takeover Bids (2004/25/EC) (the “Directive”). Its statutory functions are set out in and under Chapter 1 of Part 28 of the Companies Act 2006.

The Panel regulates takeover bids and other merger transactions (however effected) for companies which have their registered offices in the United Kingdom, the Channel Islands or the Isle of Man if any of their securities are admitted to trading on a regulated market in the United Kingdom or on any stock exchange in the Channel Islands or the Isle of Man. Its remit also extends to unlisted public companies and certain private companies which are resident in the United Kingdom, the Channel Islands or the Isle of Man.

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fernandopartridge said:

Here is a description from the website:

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deanocity3 said:

That didn't happen to old CCFC shareholders when SISU took over

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deanocity3 said:

That didn't happen to old CCFC shareholders when SISU took over

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Wrenstreetcarpark said:

The Takeover Panel is the City's self regulatory body to ensure fair play during the takeover of one company by another. There is so much room for devious and dishonest tactics when this happens it is recognised that there is need for regulation. In this country we allow the City to regulate itself. Seppala is on the Code Committee which is the part of the Takeover Panel which sets the standards by which everyone will be judged.

It might be said by some that it tells its own story: a woman proven as a liar in in the Companies division of the Chancery Division of the High Court as she battled to take over another company put on the committee that decides how people should behave during a takeover.

Lunatics running the asylum/ alcoholics managing the storage of whisky/ peadophiles ...no best not to go there, let's just say John Clarke in a pie shop.

So Seppala, a woman proven to be dishonest is part of the City's regulatory body. Explains why we had to bail out the banks and why we face austerity for the next ten years or so.

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Wrenstreetcarpark said:

Explains why we had to bail out the banks and why we face austerity for the next ten years or so.

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