Herbert Smith Freehills Kramer Podcasts

Public M&A podcast EP24: Bidder intention statements and Panel Bulletin 7

Herbert Smith Freehills Podcasts Episode 24

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0:00 | 16:46

In the latest episode of our public M&A podcast series we discuss Panel Bulletin 7 on bidders' intention statements on an offer. We look at:

  • what intention statements are required by the Takeover Code and why;
  • what the Takeover Panel says in Panel Bulletin 7, in particular as regards what the Panel will not accept in relation to intention statements; and
  • what the lessons are for market practitioners and parties to a bid.