‘Rules that govern takeover bids for many UK businesses are to be narrowed in scope in a move experts said will better align with the expectation of shareholders. The changes to the Takeover Code take effect from 3 February 2025.’
OUT-LAW.com, 19th November 2024
Source: www.pinsentmasons.com
‘Microsoft has filed an appeal against the UK competition watchdog’s decision to block its $69bn (£56bn) acquisition of the Call of Duty creator Activision Blizzard.’
The Guardian, 24th May 2023
Source: www.theguardian.com
‘A multinational legal and financial software business has been ordered to sell a British property searches firm in a rare intervention by the monopolies watchdog. The Competition and Markets Authority (CMA) revealed today that an investigation had concluded that last year’s £91.5m acquisition of TM Group by Dye & Durham “substantially lessens competition in the supply of property search services in England and Wales”.’
Law Society's Gazette, 3rd August 2022
Source: www.lawgazette.co.uk
‘Facebook has been fined £50.5m ($70m) by the UK’s Competition and Markets Authority (CMA), which accuses it of deliberately breaking rules.’
BBC News, 20th October 2021
Source: www.bbc.co.uk
‘British regulators are investigating graphics chip maker Nvidia’s $40 billion purchase of chip designer Arm over concerns about its effect on competition.’
The Independent, 6th January 2021
Source: www.independent.co.uk
‘Business groups have warned that introducing a law to prevent foreign takeovers that threaten national security could have a “chilling” effect on investment in the UK.’
The Guardian, 8th June 2020
Source: www.theguardian.com
‘Thousands of shareholders in Lloyds Banking Group have lost a multimillion pound legal battle against the bank over its takeover of HBOS at the height of the global financial crisis.’
The Guardian, 15th November 2019
Source: www.theguardian.com
‘The UK’s accounting watchdog is hoping to make it easier to prosecute accountants after it was slammed for letting KPMG off the hook over its audits of HBOS just before the financial crisis.’
Daily Telegraph, 30th November 2017
Source: www.telegraph.co.uk
‘A £600m case is due to begin in the high court this week which is expected to lead to five former directors of Lloyds Banking Group being asked to explain the circumstances that led to the rescue of HBOS during the height of the financial crisis.’
The Guardian, 15th October 2017
Source: www.theguardian.com
’21st Century Fox’s takeover of Sky should be blocked until allegations of sexual and racial harassment at Fox News have been resolved, according to a lawyer representing alleged victims in the US.’
The Guardian, 12th May 2017
Source: www.guardian.co.uk
‘Just Eat’s proposed takeover of Hungryhouse is facing an in-depth investigation by the competition watchdog over fears restaurants could end up with a worse deal.’
The Guardian, 10th May 2017
Source: www.guardian.co.uk
“The Office of Fair Trading (OFT) has cleared Google’s takeover of Israeli-based mapping technology company Waze Mobile after finding it does not raise competition concerns.”
OUT-LAW.com, 12th November 2013
Source: www.out-law.com
“VAT incurred by a holding company on a takeover was not recoverable, according to a recent Court of Appeal decision in a case concerning UK airport operator BAA.”
OUT-LAW.com, 22nd February 2013
Source: www.out-law.com
Supreme Court, 23rd January 2013
“Changes to the rules governing company acquisitions, introduced last year to protect shareholders in the event of a hostile takeover, have “operated satisfactorily” according to a report by the Takeover Panel.”
OUT-LAW.com, 28th November 2012
Source: www.out-law.com
“The question of whether the convention on collective cabinet responsibility operates, in effect, as a trump card in the FOIA context has been considered in a number of tribunal cases (see further for example the Lamb case concerning a request for disclosure of the Iraq war cabinet minutes and the Cabinet Office case concerning cabinet discussions over the Westland takeover (‘the Westland case’)). Last week, in Cabinet Office v IC, the First-Tier Tribunal handed down a decision in which it reconfirmed the principle that the convention, whilst undoubtedly an important consideration in the FOIA context, does not create any absolute bar against disclosure.”
Panopticon, 23rd October 2012
Source: www.panopticonblog.com
“The Takeover Panel could amend its rule that states that companies must complete acquisitions within 28 days following complaints from would-be buyers, according to press reports.”
OUT-LAW.com, 23rd October 2012
Source: www.out-law.com
“Companies planning a takeover bid will have to set out the likely impact of their proposal on the target company’s pension scheme under proposed changes to the Takeover Code.”
OUT-LAW.com, 10th July 2012
Source: www.out-law.com
“The emails revealed between the minister and News Corporation lobbyists suggest a risk of bias, says legal commentator.”
The Guardian, 24th April 2012
Source: www.guardian.co.uk
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