Takeovers

Duration

This is a one day training session, qualifying for 6 CPD hours.

Summary

How are takeovers regulated? This course enables you to understand how a takeover is conducted, either by way of an offer from planning and announcement to compulsory acquisition of minority shareholdings afterwards, or by using a scheme of arrangement. There are detailed case studies on pre-bid planning, the differences between offers and schemes, choice of consideration, announcements, offer documents (including the conditions) and defence tactics. This course is a must for any junior corporate lawyer or financial adviser who is involved in public company takeover work.

Objectives

The objectives of the training session are to enable participants to:

Gain an overview of the timetable and procedure for takeovers under the City Code, including how these differ between offers and schemes.
Advise on pre-bid planning and due diligence by a bidder before announcing an offer.
Understand the implications of stakebuilding.
Gain an overview of the contents of the documents prepared on a takeover (in particular, the announcement of a firm intention to make an offer and the offer document).
Understand the factors to be considered in relation to the consideration and funding of a takeover offer or scheme.
Appreciate the duties of the bidder and target company (in particular, in relation to frustrating action undertaken by a target company).
Understand the rules in the Takeover Code and the Companies Act 2006 in relation to the acquisition of minority stakes by the bidder.
Appreciate the competition and other regulatory issues on the takeover process.

Find out more
This course is taught on an in-house or consortia basis only. If you are interested in running the programme for your organisation, please contact us for more information:

E-mail: pd@lawcol.co.uk
Call: 0800 289997