Plans to broaden takeover rules should go much further, covering the impact of foreign investor-led deals on UK supply chains and skills base, says lobby group EEF.
KraftTown. Photo: Todd Rosenberg for Kraft Corporate Communications
Plans to widen the scope of UK takeover adjudications to consider more clearly the acquirer’s intentions fail to go far enough, according to manufacturing lobby group EEF.
It also says the plans should include the impact on the supply chain, plus the loss of “technological capability”.
The Takeover Panel currently assesses whether parties in a deal are following the right steps in managing the process, particularly in maintaining fairness for all shareholders. It has run a consultation, ending 31 October, which aims to increase disclosure concerning the acquirer’s intentions for the business, employees and pension schemes of the
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