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ARTICLE · 17 JANUARY 1997

Company Law - The Takeover Panel Bill, 1996

European Federal Credit Bank Limited
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IrelandFinance and Banking
Johnny Johnson
Johnny Johnson

The Irish Takeover Panel Bill which has recently been published proposes the establishment of a Takeover Panel to monitor and supervise takeovers and other transactions relating to shares in public limited companies quoted on The Irish Stock Exchange and certain other companies.

The Panel's main functions will be the protection of shareholders where takeovers and certain other transactions are contemplated. Until the Bill comes into effect, the Takeover Code and Rules of the Takeover Panel, London will continue to apply to takeovers of Irish listed public limited companies.

The Panel will have the power to establish Rules in relation to takeovers. It is expected that these Rules will mirror to a large extent the existing Takeover Code and Rules of the Takeover Panel London.

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