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City code on takeovers and mergers

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City code on takeovers and mergers


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The statement triggered an official "offer period" under the terms of City code on takeovers and mergers.
The Panel on Takeovers and Mergers is the regulatory body which administers the City Code on Takeovers and Mergers.
Because of that, the company said in a statement, it would be "seeking a waiver of the obligation required under Rule 9 of the City Code on Takeovers and Mergers, due to the existence of a concert party in the Galleon Group, which will come to hold in excess of 30 per cent of the issue-shared capital of Andaman.
 
 
 
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