Written question asked by Lord Myners (Crossbench) on Thursday, 9 May 2019, in the House of Lords. It was due for an answer on Thursday, 23 May 2019. It was answered by Lord Henley (Conservative) on Monday, 20 May 2019 on behalf of the Department for Business, Energy and Industrial Strategy.
Takeovers: Conflict of Interests
- Question
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To ask Her Majesty's Government whether they intend to undertake a review of the management of conflicts of interest arising when, in a contested takeover situation, institutional investors hold shares for clients, or under their own account, in both the bidder and target companies.
- Answer
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It is not uncommon for some investors to hold shares in both the bidder and target companies and rules mandated by the Financial Conduct Authority provide transparency to the market about share ownership. Takeover decisions are ultimately a matter for shareholders and the UK’s takeover rules require bidders to secure the approval of a majority of shareholders in the target company.
Secondary information
- Type
- Written question
- Reference
- HL15640
- Session
- 2017-19
- Related items
- Subjects
- Conflict of interests Takeovers
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-06-19 18:51:15 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL15640
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL15640
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL15640