UK Takeovers: new checklists required
New checklists published by the Takeover Panel on 29 September 2017.
On 29 September 2017, the Takeover Panel announced that financial advisers to an offeror or an offeree company (as appropriate) will have to complete the following new checklists when certain announcements are made and distributed:
- possible offer (Rule 2.4) announcement checklist
- Rule 2.11 (Distribution of announcements) checklist for possible offer (Rule 2.4) announcement, and
- Rule 2.11 (Distribution of announcements) checklist for firm offer (Rule 2.7) announcement.
The new checklists have to be used immediately and can be downloaded from the Checklists page of the Panel’s website. Information on how to complete and submit the checklists is available on the How to complete checklists and supplementary forms page of the Panel’s website.
