Approval of independent advisers by the Takeovers Panel
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Every transaction that is regulated by the Takeovers Code requires an independent adviser to be appointed to provide advice to shareholders on the merits of the transaction.
The Panel follows a robust process when it approves independent advisers to act under the Code. This process is intended to ensure that shareholders who will rely on the information contained in an independent adviser's report can be satisfied that an adviser is appropriately qualified, experienced and independent in relation to the specific transaction ... READ MORE
Released by the Takeovers Panel - January 2013