Rules Governing Substantial Acquisitions of Shares
- Rules Governing Substantial Acquisitions of Shares
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The former rules issued by the Panel on Takeovers and Mergers (Panel) which were designed to restrict the speed with which a person could acquire shares (or rights over them) in a company that would give an aggregate holding of between 15% and 30% of the voting rights of the company. The SARs ceased to apply once an offer had been announced. The SARs were abolished on 20 May 2006.
For further information, see the Panel website .
Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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The Rules Governing the Substantial Acquisitions of Shares — A set of rules governing the circumstances in which a holding of 15% to less than 30% in a listed or AIM company ( listed company; AIM) may be obtained. The main purpose of the rules, which are policed by the Takeover Panel, is to prevent dawn… … Financial and business terms
Substantial Acquisition Rules — See Rules Governing Substantial Acquisitions of Shares (SARs). Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 … Law dictionary
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