U.K. Panel Says, Take It Over – Or Leave It
After a spate of cases in which investors sneakily built up their stakes in a company and then announced bids to take it over, the U.K.'s takeover panel is planning to introduce new rules that will force investors with a stake of more than 29.9% to make a full takeover bid, regardless of whether a CFD, contract for differences – which has no voting rights – is part of that share.
February 9, 2006