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In this episode of our public M&A podcast series, we talk about the UK Takeover Panel's latest consultation (PCP 2026/1) on a series of miscellaneous changes to the Takeover Code. Proposals being consulted on include:
- when a voting agreement between a shareholder and the directors of a company will result in them being treated as acting in concert;
- a change to the definition of "reverse takeover"; and
- a change to the rules on extending a put up or shut up (PUSU) deadline.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.




