Trustees get clout from Takeover Code

Jack Jones looks at the impact of changes to the Takeover Code designed to give trustees more power over mergers and acquisitions

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Revisions to the Takeover Code which will come into force this month are intended to give trustees more power to protect members' interests during mergers and acquisitions.

Although the changes have been watered down from initial proposals they impose some additional requirements on bidding companies and make sure trustees' opinions can be heard. Bidding companies ...

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