Find more facts and information on our topic page about
merger
City Code on Takeovers and Mergers
A Dictionary of Business and Management
|
2006
|
© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information)
Copyright
City Code on Takeovers and Mergers A code first laid down in 1968, and subsequently modified, giving the practices to be observed in company takeovers (see
takeover bid) and
mergers. It is administered by a panel (the
Takeover Panel) including representatives from major financial and business institutions. The code does not have the force of law but the panel can admonish offenders and refer them to their own professional bodies for disciplinary action. The
Financial Services Authority may also, at the request of the panel, take enforcement action against a person who contravenes the code.
The code attempts to ensure that all shareholders, including minority shareholders, are treated equally, are kept advised of the terms of all bids and counterbids, and are advised fairly by the directors of the company receiving the bid on the likely outcome if the bid succeeds. Its many other recommendations are aimed at preventing directors from acting in their own interests rather than those of their shareholders, ensuring that the negotiations are conducted openly and honestly, and preventing a spurious market arising in the shares of either side.
Cite this article
Pick a style below, and copy the text for your bibliography.
|
Merger waves: a model of endogenous mergers.
Magazine article from: RAND Journal of Economics; 3/22/2007; ; 700+ words
; ...must make their merger decisions individually. Mergers that result from...propose another merger. This process...until no further mergers occur, which...merger, making the merger more profitable...complementarity between mergers implies that forwa
|
|
|
Mergers under entry.
Magazine article from: RAND Journal of Economics; 9/22/2005; ; 700+ words
; ...profitable. If future mergers are expected, then merger incentives may differ. I show that if a merger leads to additional mergers in the future, then...profitability of the merger is increased. I illustrate that frequent mergers can occur with Cournot...
|
|
MERGERS AND CORPORATE CONSOLIDATION:JANET L. YELLEN
Transcript from: Congressional Testimony; 6/16/1998; 700+ words
; ...evaluation of the current merger wave. I. Mergers: A Historical Perspective...estimated 75 percent of merger-related firm disappearances...occurred as a result of mergers involving at least...attempt horizontal mergers. Qualitatively, the current merger wave appears to be...
|
|
|
MERGERS AND CORPORATE CONSOLIDATION:JOEL I. KLEIN
Transcript from: Congressional Testimony; 6/16/1998; 700+ words
; ...dollar value of mergers, confirms the existence of a merger wave. In the...the increase in mergers, a crucial...accompany any merger wave of this size...enforcers in reviewing mergers is always on whether a particular merger will hurt consumers...
|
|
Merger Wave Could Put New Jersey in Middle of Financial Industry Change.
Newspaper article from: Knight Ridder/Tribune Business News; 4/14/1998; 700+ words
; ...a recent spate of mergers, could again find...Corp.'s proposed merger with BankAmerica...the next round of mergers. PNC purchased Edison...Nineties wave of merger that created the...financial services mergers in history. The...become the biggest merger of any kind in U...
|
|
Mergers: The Do-Nothing Option Is Gone Forever.(Wings Financial Federal Credit Union merging with Continental Federal Credit Union)
Magazine article from: Credit Union Journal; 3/26/2007; ; 700+ words
; ...COMPETITIVE REALITY DRIVES CU MERGERS Now that Wings Financial...door for unsolicited merger proposals, others will...end of an unsolicited merger proposal at any time. The "friendly-only" merger atmosphere of the past...competitive reality driving CU mergers. Marvin C. Umholtz...
|
|
MERGER QUESTION
Magazine article from: Credit Union Management; 3/1/2006; ; 700+ words
; ...finance committee. After the merger, he transitioned into...Council. Don't jump into a merger because everyone else is...must be better. "Not all mergers work," he added. TWO THEMES There are generally two merger themes, they said...
|
 "Omaha World-Herald (Omaha, NE)")
|
Merger bill pits Omaha mayor, Douglas County Board.
Newspaper article from: Omaha World-Herald (Omaha, NE); 1/24/2007; 700+ words
; ...push to clear the way for a city-county merger, but most of the Douglas County Board...mayor, said the bill would not create a merger, but rather open the door to discussions...LB 392) is an important first step for merger and will allow us to see if there would...
|
|
MERGERS, CAPITAL GAINS, AND PRODUCTIVITY: EVIDENCE FROM U.S. TELECOMMUNICATIONS MERGERS
Magazine article from: Contemporary Economic Policy; 7/1/2006; ; 700+ words
; ...before and after merger. The article concludes that mergers did not produce...two horizontal mergers between RBOC holding...Pacific Telesis merger and the Bell Atlantic...before and after merger. In this sense...dynamic analysis of mergers. The comparisons...
|
|
MERGER COMPLETED: INSURANCE COMMISSIONER MORTELL GIVES FINAL O.K.
PR Newswire; 6/30/1993; 700+ words
; ...Group announced today the completion of its merger with Southeastern Mutual Insurance Company...Indiana Insurance Commissioner, approved the merger today, following votes ratifying the merger by each company's board of directors yesterday...
|
|
Mergers and Acquisitions
Encyclopedia entry from: West's Encyclopedia of American Law
...Finally, many mergers pose few risks to competition. Antitrust merger law seeks to prohibit...and to predict the merger's competitive impact. Types of Mergers Mergers appear in...bleach). Corporate Merger Procedures State...accomplish corporate mergers. Generally, the...
|
|
Merger
Encyclopedia entry from: Gale Encyclopedia of U.S. Economic History
...company resists the merger, it is referred...hostile takeover." Mergers that occur between...known as "horizontal mergers," and when one...known as a "vertical merger." When the merging...monopolies many of the mergers of the 1960s took...period of intense merger activity began in...
|
|
|
Vertical Merger
Encyclopedia entry from: West's Encyclopedia of American Law
VERTICAL MERGER A merger between two business...relationship. Business mergers can take two forms...vertical. In a horizontal merger , one firm acquires another...firms. In a vertical merger , one firm acquires either...Because horizontal mergers pose a direct threat...
|
|
merger
Book article from: The Columbia Encyclopedia, Sixth Edition
merger in corporate business...absorbed the other(s). Mergers may be of various types: A vertical merger integrates different...businesses; an extensional merger. joins two similar...methods of effecting mergers vary. Often the corporation...
|
|
Mergers and Monopolies
Book article from: American Decades
Mergers and Monopolies Merger Mania For three consecutive years, between 1995 and 1997, the value of mergers and acquisitions in the United States...behemoth corporations created by the "merger mania." Rockefeller's Revenge When...
|
