Public M&A EP7: How the UK Takeover Code applies in a distressed situation

The Covid-19 pandemic has hit a huge number of businesses and they will be exploring various options to repair their balance sheet or protect their business. Those options might include seeking a full takeover or finding a cornerstone investor for the company. In each case, if the company is governed by the UK Takeover Code, the Code might be engaged and have an impact on the transaction. In this episode of our public M&A podcast series, we look at when and how the Code might apply in a distressed situation, and what relaxations from the usual Code rules may be available.Speakers: Antonia Kirkby, Professional Support Lawyer and Greg Mulley, Partner