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Banking: Private Equity

Volume 716: debated on Tuesday 5 January 2010

Question

Asked by

To ask Her Majesty's Government what measures they will discuss with representatives of banks about the conduct of private equity companies in take-over activities. [HL918]

Mergers and acquisition activity is generally a commercial matter for the boards and shareholders of the companies involved. The Panel on Takeovers and Mergers is the independent body that administers the City Code on Takeovers and Mergers and supervises and regulates takeovers. Its central objective is to ensure fair treatment for all shareholders in takeover bids.