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1125850
registered interest false more like this
date remove filter
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Takeovers: Conflict of Interests more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text 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. more like this
tabling member printed
Lord Myners more like this
uin HL15640 more like this
answer
answer
is ministerial correction false more like this
date of answer remove maximum value filtermore like thismore than 2019-05-20
answer text <p>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.</p> more like this
answering member printed Lord Henley more like this
question first answered
less than 2019-05-20T16:06:53.167Zmore like thismore than 2019-05-20T16:06:53.167Z
answering member
2616
label Biography information for Lord Henley more like this
tabling member
3869
label Biography information for Lord Myners remove filter