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Companies: Takeovers

Volume 464: debated on Wednesday 10 October 2007

To ask the Secretary of State for Business, Enterprise and Regulatory Reform if he will review the takeover code in the light of the instability at Northern Rock. (156044)

The takeover code is issued and administered by the takeover panel, which operates independently from Government. Changes to the code, if considered necessary, would be made by the panel. The code ensures that shareholders’ interests are protected during the course of a takeover bid.