Q&As

Is there a prescribed form of words in order for a transaction to be treated as a takeover offer for the purposes of the statutory squeeze-out provisions?

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Produced in partnership with David Sawtell of 39 Essex Chambers
Published on: 03 May 2016
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See Practice Note: Squeeze-outs and sell-outs: buying out minority shareholders, which provides further detail on the procedure to be followed where the squeeze-out procedure is available. See also related Q&As: Does a squeeze out notice need to be sent to all dissenting shareholders who have not agreed to the Takeover offer or can selected minority shareholders be chosen at the bidder's discretion? and Can a single takeover offer be given to different shareholders over several days or does it have to be on the same day and in one form of document?

Takeover offers under Part 28 of the Companies Act 2006

Part 28 of the Companies

David Sawtell
David Sawtell

David is a barrister specialising in property, commercial and chancery fields. He was called to the Bar in 2005. He is regularly instructed in complicated property, company and commercial litigation, as well as cases involving professional liability. He has particular expertise in cases involving a cross over between different areas of law or where there are allegations of dishonesty or fraud. He appears regularly in the Chancery Division and has been reported in the Court of Appeal. He is regularly published across a number of leading practitioner’s periodicals, including the Commercial Litigation Journal and the Procurement and Outsourcing Journal. He speaks regularly at seminars and conferences on commercial and civil litigation topics. He was the author of the two commercial litigation units for the Level 4 higher apprenticeships in legal services. He is a tenant at Lamb Chambers.

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Jurisdiction(s):
United Kingdom
Key definition:
Takeover definition
What does Takeover mean?

This refers to the acquisition of a public company.

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