Editorial: Take the transfer

Author: | Published: 23 Feb 2015

Amid the pre-election posturing that comprised the majority of UK chancellor George Osborne's autumn statement, was a buried promise to change the structures of M&A in the country.

The announcement contained plans to close a loophole in existing UK schemes of arrangement that enabled bidding companies to avoid paying stamp duty. The structure in question was the cancellation scheme, which allows bidders to avoid stamp duty on the acquisition of target shares...