For those taken back by the behaviour seen in the Kraft takeover of Cadbury, draft amendments to the current Takeover Code suggest that some of the lessons have been learned, explains Elaine Ball.

The Takeover Panel has published a number of minor amendments (RS 2011/1) that will be incorporated into its published Takeover Code from 19 September 2011. Clearly the introduction of these amendments won’t prevent takeovers – hostile or otherwise – and possible job losses in the acquired company, but it will certainly make it more difficult for acquiring companies to be ‘economical with the truth’ regarding their plans.

Read the remainder of Elaine Ball’s excellent article here.

www.accountingweb.co.uk/article/what-cadbury-law-means-takeovers/517562