Covid-19 put brakes on already slow takeover activity

Six of the transactions were acquisitions or allotments of parcels of shares approved by shareholders and one was a takeover.

Ian Llewellyn

Tue, 23 Mar 2021

Covid-19 caused significant disruption of already slow commercial takeover activity according to a market regulator.The Takeover Panel’s annual report for 2019/2020 said “transaction activity was lower in the first part of the year compared with the previous year, and then faced significant disruption in the second half of the year when the covid-19 pandemic began in March 2020”.The panel polices the takeover code covering listed markets or where a company has 50 or more shareholders with either assets of at least $30 million...

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