News story

Getting the UK takeover framework right

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

“Getting the UK takeover framework right for the future is an important step in Government efforts to renew and reform the way markets work.…

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“Getting the UK takeover framework right for the future is an important step in Government efforts to renew and reform the way markets work.

“This is not about economic nationalism. Open markets have made a huge contribution to growth in the UK over the past 30 years and must continue to do so in the future. We welcome foreign investors but we want all shareholders to be empowered, the takeover process to be more transparent, directors to think about their wider long term legal duties, and takeovers to be decided on the basis of long term shareholder value rather than short-term speculation.

“The Takeover Panel’s work can play an important part in realising these goals.”

Notes to Editors

Contact Information

Name BIS Press Office Job Title

Division COI Phone

Fax

Mobile

Email NDS.BIS@coi.gsi.gov.uk

Name Lucy-Michael Sutton Job Title

Division Department for Business, Innovation and Skills Phone 020 7215 5977 Fax

Mobile

Email lucymichael.sutton@bis.gsi.gov.uk

Published 1 June 2010