Thursday, 21 October 2010

Takeover Panel review

Response to the consultation from the Panel is now out here (PDF). No action on either threshold for a bid to go through, or qualifying periods for voting rights. But notably the text says:
the Code Committee understands that qualifying periods (or weighted voting rights) could be introduced through changes in company law. If such changes were to be made, the Code Committee considers that it would be logically consistent for the Code to be amended accordingly.
That, one could conclude, might leave the door open for a certain Lib Dem populated government department to muck about. All eyes on BIS then.

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