Latest news and views tagged Mergers and acquisitions
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With the Patent Cliff looming and the lack of new drugs to fill the void keeping big Pharma bosses awake at night, we are seeing new strategies emerging in an attempt to off see the gloom and doom predictions...
European Commission approves acquisition of McAfee by Intel
The European Commission (EC) has given its conditional approval to the proposed acquisition of McAfee, the security technology company, by Intel. Intel is one of the big players in the worldwide computer...
Government consults on draft Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011
The Department for Business, Innovation and Skills (BIS) has asked for comments on the draft Companies (Reporting Requirements in Mergers and Divisions) Regulations 2011.
These Regulations will implement...
Company directors to take note of D&O insurance policies
A Directors and Officers (D&O) insurance policy is designed to protect the directors and officers of a company from losses resulting from claims made against them in relation to the performance of...
Takeover Panel publishes consultation paper
Following on from recent criticism of the takeover of Cadbury Plc by Kraft Foods, the Code Committee of the Takeover Panel (Committee) has published a consultation paper to discuss shortcomings in the...
Kraft makes a meal of Cadbury takeover
Following Kraft Foods’ takeover of Cadbury Plc in February 2010, the US company has had its knuckles rapped by the Takeover Panel for its conduct during the offer stage of the deal.
The issue in question...
Court upholds “tail-gunner” clause
Background
"Tail-gunner" clauses are often used by corporate finance advisers in their terms of engagement so that if a transaction completes within a certain period after the termination of their engagement,...
Company law: where do the main political parties stand?
With the general election looming, this briefing looks at what the three main political parties have proposed for corporate governance, takeovers, small and medium-sized businesses, and regulation in their...
Account of profits sometimes claimable as remedy for breach of confidentiality and sometimes not, depending on the nature of the duty – Vercoe v Rutland, High Court
V&P had approached R about a possible acquisition of a company called H&T. V&P and R had entered into a confidentiality agreement about this. In breach of that agreement, R bought H&T without...
Kraft/Cadbury deal prompts calls for reform of takeover laws
The hostile takeover of the British chocolate maker, Cadbury plc (Cadbury) by US company, Kraft Foods Inc (Kraft) has been widely publicised, especially the initial resistance by Cadbury’s shareholders...