Takeovers Panel responds to criticism

Tue, 20 Jul 2021

Takeovers Panel chief executive Andrew Hudson responds to Jenny Ruth's column.In your article, you state that the panel “greenlight[ed]” the Metlifecare/EQT scheme of arrangement in spite of disclosure questions. You will be aware that the high court is the principal regulator of schemes of arrangement under the Companies Act. It is the court that approves a scheme of arrangement. The panel’s role is to review the transaction documents and to provide a ‘no-objection’ statement to the court if the panel is satis...

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