Takeover Panel

(redirected from Panel on Takeovers and Mergers)
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Takeover Panel

An organization in the United Kingdom that arbitrates both acquisitions and mergers While it has no ability to enforce its decisions, it carries a great deal of moral authority and attempts to treat individual and corporate shareholders with equity. It is more formally called the Panel on Takeovers and Mergers.
References in periodicals archive ?
PK), today announced that, following an informal request, the United Kingdom's Panel on Takeovers and Mergers had confirmed that, based on the current location of the management and control of Insignia's business being outside the United Kingdom, the Company will not be subject to the provisions of the UK Takeover Code, were an offer made for it.
or more of any class of relevant securities of Enodis or of Middleby is generally required under the provisions of Rule 8 of the City Code to notify a regulatory information service and the Panel on Takeovers and Mergers (the "Takeover Panel") by not later than 12:00 noon on the business day following the date of the transaction of every dealing in such relevant securities during the period from the date of any possible offer announcement to the date on which any offer becomes or is declared unconditional as to acceptances or lapses or is withdrawn.
or more of any class of securities of Pernod Ricard or Allied Domecq is required to notify a Regulatory Information Service (as specified in the Listing Rules of the UK Listing Authority) and the Panel on Takeovers and Mergers (the "Panel"), by no later than 12.
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