Share on LinkedInShare on LinkedIn

ARTICLE · 09 JANUARY 2024

Capital Markets Update: January 2024

Happy New Year and welcome to the current edition of Capital Markets Update, the monthly briefing from the Corporate Group at Walker Morris...

United KingdomFinance and Banking

Happy New Year and welcome to the current edition of Capital Markets Update, the monthly briefing from the Corporate Group at Walker Morris rounding up the previous month's regulatory developments within the equity capital markets and looking ahead to future developments.

December's news

Takeover Panel Hearings Committee refuses third party investor's request to convene proceedings

On 1 December 2023, the Takeover Panel published Panel Statement 2023/13, setting out a ruling in relation to a takeover bid for OnTheMarket plc (OTM) made by CoStar Group Inc (CoStar). The Chairman rejected a request from an investor who was neither an OTM shareholder nor a party to CoStar's offer for OTM, to convene the Committee to review certain rulings made by the Panel Executive. The Chairman found that the investor did not have sufficient standing to request that the Committee be convened.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from