A Practitioner’s Guide to The City Code on Takeovers and Mergers is the definitive, annually updated guide to the work of the Takeover Panel. It describes the role and purpose of the Panel, then examines and gives guidance on all the rules, explaining the responsibilities and actions of each party. It is essential reading for anyone active in mergers and acquisitions.CONTENTSThe Takeover Panel Philip Robert-Tissot, Director General, the Panel on Takeovers and MergersThe Approach, Announcements and Independent Advice Stephen Hewes, Freshfields Bruckhaus Deringer LLPShare Dealings – Restrictions and Disclosure Requirements Andy Ryde and Roland Turnill, Slaughter and MayMandatory and Voluntary Offers and their Terms Christopher Pearson and Nick Adams, Norton Rose LLPProvisions Applicable to all Offers, Partial Offers and Redemption or Purchase by a Company of its own Securities Mark Gearing, Allen & Overy LLPDocuments from the Offeror and Offeree Carlton Evans, Linklaters LLPConduct During the Offer; Timing and Revision; and Restrictions Following Offers David Pudge and Lee Coney, Clifford Chance LLPProfit Forecasts and Asset Valuations Ursula Newton, PricewaterhouseCoopers LLPApplication of the Market Abuse Regime to Takeovers Andrew Marsh, Freshfields Bruckhaus Deringer LLP