Author: Joanna Healey

Changes to Takeover Code frustrating actions regime

The Takeover Code frustrating actions framework is changing from 11 December 2023 to provide increased flexibility for targets to carry on their ordinary course activities, including where these activities involve buying and selling assets. The changes seek to clarify and, to some degree, ease the restrictions imposed on targets faced with one or more bidders. 

Certain other changes also take effect.