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Takeover Bids in the United Kingdom

Takeover Bids in the United Kingdom The recently accelerating pace of corporate combinations has precipitated a transnational interest in takeover bids, known in Belgium and France as offres publiques d'achat (o.p.a.), and in the United States as “tender offers.“ These have been the subject of recent legislation in the United Statesa of stock exchange regulation in Franceb and of admonitory attention by the Banking Commission in Belgiumc Much greater regulative experience in this area exists in England, where takeover bids have been the subject of statutory control since 1929,d and have been subjected to a complex of public and private rule-making which intrigues observers from other lands. Professor Pennington of the University of Birmingham, author of a leading textbook on the law of English companiese has responded to an invitation to elucidate the various laws, Board of Trade regulations, and trade association rules which constitute the web of compulsory norms for takeover bids in England. The Editors. This content is only available as a PDF. © 1969 by The American Association for the Comparative Study of Law, Inc. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Comparative Law Oxford University Press

Takeover Bids in the United Kingdom

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Publisher
Oxford University Press
Copyright
© 1969 by The American Association for the Comparative Study of Law, Inc.
ISSN
0002-919X
eISSN
2326-9197
DOI
10.2307/838794
Publisher site
See Article on Publisher Site

Abstract

The recently accelerating pace of corporate combinations has precipitated a transnational interest in takeover bids, known in Belgium and France as offres publiques d'achat (o.p.a.), and in the United States as “tender offers.“ These have been the subject of recent legislation in the United Statesa of stock exchange regulation in Franceb and of admonitory attention by the Banking Commission in Belgiumc Much greater regulative experience in this area exists in England, where takeover bids have been the subject of statutory control since 1929,d and have been subjected to a complex of public and private rule-making which intrigues observers from other lands. Professor Pennington of the University of Birmingham, author of a leading textbook on the law of English companiese has responded to an invitation to elucidate the various laws, Board of Trade regulations, and trade association rules which constitute the web of compulsory norms for takeover bids in England. The Editors. This content is only available as a PDF. © 1969 by The American Association for the Comparative Study of Law, Inc.

Journal

American Journal of Comparative LawOxford University Press

Published: Apr 1, 1969

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