The Takeover Panel has announced that it will review the UK's rules on corporate acquisitions amid mounting political pressure to reduce the influence of short-term investors. The move, which has been closely followed by City professionals, was welcomed by business secretary Vince Cable, who argued that short-term speculators such as hedge funds should not determine the outcome of corporate bids.
June 02, 2010 at 10:41 AM
1 minute read
The original version of this story was published on Legalweek
The Takeover Panel has announced that it will review the UK’s rules on corporate acquisitions amid mounting political pressure to reduce the influence of short-term investors.
The move, which has been closely followed by City professionals, was welcomed by business secretary Vince Cable (pictured), who argued that short-term speculators such as hedge funds should not determine the outcome of corporate bids.
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