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