IRELAND: New Ireland Takeover Rules anticipated, effective January 2014

Monday December 9 2013

The Irish Takeover Panel has confirmed that it will be publishing amendments to the New Ireland Takeover Rules 2007, which reportedly will enter into effect on 6th January 2014.

The rule changes follow consultations on the Ireland Takeover Rules held in 2011 and 2012, and are anticipated in the main to reflect the amendments which were consulted on. This included the put-up or shut-up rule, rules on publications of documents online, correction of statements by advisers, presumptions of acting in concert and rebuttals, and securities exchange offers.

This information will be updated once the rules are made public.