Takeover Panel

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 ?
10 of the Irish Takeover Panel Act 1997, Takeover Rules, 2013 (the "Irish Takeover Rules"), King confirms that as at close of business on 24 November 2015 King's issued share capital is comprised of 40,000 euro deferred shares of[euro]1.
Freshfields spokesperson: We note the statement issued today by the Takeover Panel in relation to events in 2010 and 2011 concerning Bumi plc (now Asia Resource Minerals plc).
4 OF IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013 (THE "IRISH TAKEOVER RULES").
On Wednesday under UK Takeover Panel rules AB InBev must table a firm bid for SABMiller, or walk away for six months.
Under UK Takeover Panel rules, AB InBev must table a firm bid for SABMiller by tomorrow or walk away for six months.
RSA has now asked for the UK Takeover Panel to extend the deadline until September 22 as they hammer out a formal deal.
However, Rio Tinto Zinc rejected the proposal and under the UK's Takeover Panel regulations (both companies are listed in London), Glencore will now have to wait at least six months before making another approach.
Virgin Australia won round 1 of its rivalry with flag carrier Qantas after the Takeover Panel allowed on Tuesday Virgin to pursue its controversial $350 million capital raising scheme that would boost foreign ownership and give the upstart airline more financial power to compete with the financially embattled Qantas.
The Arsenal owner could even be forced to explain himself to the Takeover Panel if he refuses to speak with worried fans.
But, just minutes before a Takeover Panel deadline for the deal to be struck, the suitors said that discussions were over and they had no plans to make a formal offer.
Those changes have yet to be announced but I have a sinking feeling that Cable is about to "bottle it" on genuine reform and may instead opt for the timid proposals now on offer from the city's Takeover Panel.
The committee also said Kraft had failed to accept criticism from the Takeover Panel following its U-turn on the closure of Cadbury's Somerdale factory last year, which they initially indicated would remain open.