DLCs: double trouble?
The relatively high number of large dual-listed company (DLC) deals in the past year has led the Takeover Panel to re-think its stance regarding the City Code's jurisdiction. David Higgins and Bruce Embley look at the proposed developments and implications
Dual-listed companies (DLC) may have been around for nearly a century, but following the recent deal involving P&O Princess Cruises and Royal Caribbean Cruises, in which Carnival Corporation has intervened, they have come under more scrutiny than ever before.
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