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, the Code might be engaged and have an impact on the transaction.
In the latest episode of our public M&A podcast series, we look at when and how the Code might apply in a distressed situation, and what relaxations from the usual Code rules may be available.
To listen to the full conversation please visit SoundCloud, Spotify or iTunes.
Links to our previous episodes are below:
- formal sale processes;
- standards of disclosure on public M&A;
- statements of intention;
- conditions to an offer and when a condition can be invoked;
- public to private (or P2P) bids; and
- the influence of target shareholders on a bid.
Key contacts
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.