Review of UK Takeover Bid Regulations
Earlier this week the Confederation of British Industry (CBI) called for a tightening of the Takeover Code because too many British companies were being taken over by foreign interests,
. . . [more]It agrees with business secretary Vince Cable that many mergers fail to create value for shareholders, and that our liberal takeover regime means British firms attract more bids than European and US competitors.
The CBI’s views were contained in its submission to the Takeover Panel, which is reviewing the rules after last year’s uproar over the £11.7bn takeover of Cadbury by Kraft of the US. The public consultation on possible reforms


