M&A in 2021 – Resilient, agile and coming off mute

We have published our new M&A report, which we have titled “M&A in 2021 – Resilient, agile and coming off mute”, here. In it we look at the prospects for M&A in 2021 – whilst the significant regional and global questions from last year may not have gone away, there are reasons for optimism. Issues … Read more

Public M&A podcast – Takeover Panel consultation

In our latest public M&A podcast, we discuss the consultation paper published by the Takeover Panel (PCP 2020/1), in which it is proposing to amend various provisions in the Takeover Code relating to the conditions to an offer and to the offer timetable. The key changes include: removing the special treatment afforded to conditions relating … Read more

New FDI regime in the UK with immediate effect

The government has introduced a new National Security and Investment Bill to Parliament, which will overhaul the regime for reviewing transactions on national security grounds in the UK. The new regime will be “pro-active” immediately: whilst it will not be possible to notify deals for clearance under the new regime prior to formal commencement of the final … Read more

Takeover Panel consultation on conditions to an offer and the offer timetable

The UK Takeover Panel has published a consultation PCP 2020/1 in which it is proposing to amend various provisions in the Takeover Code relating to invoking the conditions to an offer, particularly those relating to regulatory / merger control clearance, and to the offer timetable. The consultation closes on 15 January 2021. The Panel says that it … Read more

Public M&A podcast – how the Takeover Code applies in a distressed situation

The Covid-19 pandemic has hit a huge number of businesses and they will be exploring various options to repair their balance sheet or protect their business. Those options might include: seeking a full takeover or finding a cornerstone investor for the company In each case, if the company is governed by the UK Takeover Code, … Read more

Our latest M&A update briefing and webinar

We have published out latest M&A update briefing in which we look at the latest developments and trends, including: current M&A activity levels; what has changed on M&A transactions because of the Covid-19 pandemic; what we are seeing on public M&A transactions; some of the particular features of a distressed M&A transaction; and the potential … Read more