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City Code |
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City CodeThe rules which govern the management and timing of takeover bids involving companies listed on the London Stock Exchange, written and enforced by the Panel on Takeover and Mergers.The objective of the City Code is to ensure that high standards of integrity and fairness are maintained, and that shareholders in both bidding and target company are treated equitably.The Panel is not concerned with the financial or commercial advantages or disadvantages of a takeover, nor is it concerned with competition issues.The City Code does not have the force of law, but, as the Code says 'those who seek to take advantage of the facilities of the securities markets in the United Kingdom should conduct themselves in matters relating to takeovers in accordance with best business standards and so in accordance with the Code'. It goes on to say that 'Those who do not so conduct themselves may find that, by way of sanction, the facilities of those markets are withheld.'Panel on Takeovers and MergersPO Box 226The Stock Exchange BuildingLondonEC2P 2JXTel: 020 7382 9026http://www.thetakeoverpanel.org.ukSimilar MatchesCity code on takeovers and mergersCity code on takeovers and mergersSee: Dawn raid SpecificitySpecificityThe property that a policy measure applies to one or a group of enterprises or industries, as opposed to all industries. Armington elasticityArmington elasticityThe elasticity of substitution between products of different countries. Import demand elasticityImport demand elasticityThe elasticity of demand for imports with respect to price. Price elasticityPrice elasticityThe elasticity of supply or demand with respect to price. Further SuggestionsElasticity of demand for exportsincapacity benefit Constant elasticity of substitution function the City Demand elasticity Point elasticity Factor scarcity Elasticity Optimum capacity Elasticity of demand for imports Supply elasticity Scarcity rent Capacity building Kansas City Board of Trade (KCBT) Velocity Income elasticity Assimilative capacity Import elasticity Debt capacity Arc elasticity Reciprocity Elasticity of substitution Cross elasticity Specificity rule |
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