Changes to put-up-or-shut-up rules and the tightened bid
timetable will make hostile takeovers more difficult, say UK
Under the proposed changes, announced on October 21, the
bidder must identify itself immediately and then has only four
weeks to make a bid or pull out. Crucially, any extension to
the deadline will require a joint application by both bidder
The shortened timetable means hostile bidders need to spend
a lot more time and money to prepare their offer before...