The Takeover Panel

Its central objective is to ensure fair treatment for all shareholders in takeover bids.

It has established a reputation for giving informed advice in an expert area of regulatory activity.

It is the de facto arbiter of takeover bids and has the support of government and other organisations with statutory involvement.

The European Takeovers Directive mandates that the Panel is put on a statutory footing.

[3] As The Panel is now a statutory footing, its decisions can now be reviewed even without referring to this case.