• Proposed Changes to the UK Takeover Code Relating to the Impact of Takeover Bids on Target Company Pension Plans
  • April 30, 2013 | Authors: Richard May; Sheena McCaffrey
  • Law Firm: Fried, Frank, Harris, Shriver & Jacobson (London) LLP - London Office
  • On 22 April 2013 the Takeover Panel (the Panel) announced changes to the City Code on Takeovers and Mergers (the City Code). The changes give a greater role to pension plan trustees in relation to takeover bids.