Watchdog calls on MPs to ease rules after being told to toughen up – Daily Telegraph

Posted December 1st, 2017 in accountants, financial regulation, news, takeovers by tracey

‘The UK’s accounting watchdog is hoping to make it easier to prosecute accountants after it was slammed for letting KPMG off the hook over its audits of HBOS just before the financial crisis.’

Full Story

Daily Telegraph, 30th November 2017


Lloyds shareholders’ court case over HBOS takeover set to begin – The Guardian

Posted October 16th, 2017 in banking, class actions, news, shareholders, takeovers by sally

‘A £600m case is due to begin in the high court this week which is expected to lead to five former directors of Lloyds Banking Group being asked to explain the circumstances that led to the rescue of HBOS during the height of the financial crisis.’

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The Guardian, 15th October 2017


Calls for Ofcom to block Sky takeover until Fox News cases are resolved – The Guardian

Posted May 15th, 2017 in confidentiality, harassment, media, news, takeovers by sally

’21st Century Fox’s takeover of Sky should be blocked until allegations of sexual and racial harassment at Fox News have been resolved, according to a lawyer representing alleged victims in the US.’

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The Guardian, 12th May 2017


Just Eat faces competition inquiry over Hungryhouse takeover – The Guardian

Posted May 10th, 2017 in competition, food, internet, news, takeovers by sally

‘Just Eat’s proposed takeover of Hungryhouse is facing an in-depth investigation by the competition watchdog over fears restaurants could end up with a worse deal.’

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The Guardian, 10th May 2017


OFT clears Google’s takeover of Waze –

Posted November 13th, 2013 in competition, internet, mergers, news, ombudsmen, takeovers by tracey

“The Office of Fair Trading (OFT) has cleared Google’s takeover of Israeli-based mapping technology company Waze Mobile after finding it does not raise competition concerns.”

Full story, 12th November 2013


VAT on takeover costs not recoverable by holding company, says Court of Appeal –

Posted February 25th, 2013 in appeals, costs, EC law, news, takeovers, tribunals, VAT by sally

“VAT incurred by a holding company on a takeover was not recoverable, according to a recent Court of Appeal decision in a case concerning UK airport operator BAA.”

Full story, 22nd February 2013


Lloyds TSB Foundation for Scotland (Respondent) v. Lloyds Banking Group Plc (Appellant) (Scotland) – Supreme Court

Posted January 23rd, 2013 in accounts, charities, EC law, law reports, Scotland, takeovers by sally

Lloyds TSB Foundation for Scotland (Respondent) v. Lloyds Banking Group Plc (Appellant) (Scotland) [2013] UKSC 3 | UKSC 2012/0042 (YouTube)

Supreme Court, 23rd January 2013


Changes to Takeover Code working well, according to Panel report –

Posted November 28th, 2012 in codes of practice, company law, news, shareholders, takeovers by sally

“Changes to the rules governing company acquisitions, introduced last year to protect shareholders in the event of a hostile takeover, have “operated satisfactorily” according to a report by the Takeover Panel.”

Full story, 28th November 2012


Only smarties have the answer – collective cabinet responsibility and the sale of Rowntree Mackintosh – Panopticon

Posted October 24th, 2012 in freedom of information, government departments, news, takeovers by sally

“The question of whether the convention on collective cabinet responsibility operates, in effect, as a trump card in the FOIA context has been considered in a number of tribunal cases (see further for example the Lamb case concerning a request for disclosure of the Iraq war cabinet minutes and the Cabinet Office case concerning cabinet discussions over the Westland takeover (‘the Westland case’)). Last week, in Cabinet Office v IC, the First-Tier Tribunal handed down a decision in which it reconfirmed the principle that the convention, whilst undoubtedly an important consideration in the FOIA context, does not create any absolute bar against disclosure.”

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Panopticon, 23rd October 2012


Takeover Panel to review “put up or shut up” rule, according to press reports –

Posted October 23rd, 2012 in codes of practice, news, takeovers by sally

“The Takeover Panel could amend its rule that states that companies must complete acquisitions within 28 days following complaints from would-be buyers, according to press reports.”

Full story, 23rd October 2012


Companies planning a takeover bid will have to disclose impact on target’s pension scheme –

Posted July 11th, 2012 in consultations, news, pensions, takeovers by tracey

“Companies planning a takeover bid will have to set out the likely impact of their proposal on the target company’s pension scheme under proposed changes to the Takeover Code.”

Full story, 10th July 2012


Jeremy Hunt emails: a legal view – The Guardian

Posted April 25th, 2012 in bias, competition, electronic mail, media, news, takeovers by sally

“The emails revealed between the minister and News Corporation lobbyists suggest a risk of bias, says legal commentator.”

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The Guardian, 24th April 2012


Pearson looks at acquiring College of Law – Daily Telegraph

Posted December 12th, 2011 in legal education, news, takeovers by sally

“Pearson, owner of the Financial Times newspaper, has been examining an acquisition of legal training company, The College of Law.”

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Daily Telegraph, 11th December 2011


News Corp pulls out of BSkyB bid – The Guardian

Posted July 13th, 2011 in media, news, shareholders, takeovers by tracey

“Rupert Murdoch’s media group News Corporation bowed to pressure from the public and parliament on Wednesday and withdrew its bid to take full control of pay-TV company BSkyB.”

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The Guardian, 13th July 2011


Government consults regulators on BSkyB deal –

Posted July 11th, 2011 in media, news, takeovers by sally

“The Culture Secretary has asked Ofcom and the Office of Fair Trading (OFT) if the closure of the News of the World (NotW) newspaper has changed their view of whether its owner should be allowed to take over BSkyB, according to media reports.”

Full story, 11th July 2011


Government imposes more demands on News Corporation in its takeover bid for BSkyB –

Posted July 1st, 2011 in media, news, takeovers by tracey

“An independent director will have to sit in on Sky News board meetings when editorial decisions are being made if News Corporation’s bid to takeover BSkyB is successful and the news provider is spun off into a separate company, the Government said today.”

Full story, 30th June 2011


Takeover Panel tables M&A code overhaul – The Independent

Posted March 22nd, 2011 in mergers, news, takeovers by sally

“The Takeover Panel has moved a step closer to drastically overhauling its code as it seeks to remove the ‘tactical advantage’ for hostile bidders targeting UK companies.”

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The Independent, 22nd March 2011


Jeremy Hunt resigned to judicial challenge over BSkyB bid – The Guardian

Posted January 13th, 2011 in competition, media, news, takeovers by sally

“The culture secretary, Jeremy Hunt, said today he expects his decision on whether to allow the proposed takeover of BSkyB by Rupert Murdoch’s News Corporation to be judicially challenged whatever decision he comes to.”

Full story

The Guardian, 12th January 2011


Government asks Ofcom to review News Corp’s BSkyB bid –

Posted November 5th, 2010 in media, news, takeovers by sally

“The Government has asked media regulator to assess the affect on media plurality of the proposal from Rupert Murdoch’s News Corporation that it take BSkyB private.”

Full story, 4th November 2010


Takeover panel protects target companies with rule changes –

Posted October 22nd, 2010 in financial regulation, news, shareholders, takeovers by sally

“Long term investors’ interests are too easily damaged by hostile takeovers, the Takeover Panel has said. It will amend the City’s rules on takeovers of publicly traded companies to protect the existing shareholders of target companies.”

Full story, 21st October 2010