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Home > QFINANCE Dictionary > Definition of City Code on Takeovers and Mergers

Definition of

City Code on Takeovers and Mergers

Mergers & Acquisitions

UK code for fairness in takeovers in the United Kingdom, a code issued on behalf of the City Panel on Takeovers and Mergers that is designed principally to ensure fair and equal treatment of all stockholders in relation to takeovers. The Code also provides an orderly framework within which takeovers are conducted. It is not concerned with the financial or commercial advantages or disadvantages of a takeover, nor with issues such as competition policy which are the responsibility of the government. The Code represents the collective opinion of those professionally involved in the field of takeovers on how fairness to stockholders can be achieved in practice.

Definitions of ’City Code on Takeovers and Mergers’ and meaning of ’City Code on Takeovers and Mergers’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’City Code on Takeovers and Mergers’ and other financial terms with our online QFINANCE Financial Dictionary.

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