UK Takeover Code Update: Panel publishes Consultation Paper 2017/1: Asset sales in competition with an offer and other matters

July 19, 2017

On 12 July 2017, the UK Takeover Panel published Panel Consultation Paper 2017/1 (the PCP), which proposes amendments to the UK Takeover Code in relation to asset sales by a target company in competition with, or as an alternative to, a takeover offer (and certain other miscellaneous amendments).

The PCP invites comments by Friday, 22 September 2017. Comments may be sent by email to: or in writing to: The Secretary to the Code Committee, The Takeover Panel, 10 Paternoster Square, London EC4M 7DY. Responses will be published on the Panel’s website ( unless the respondent specifically requests otherwise.