New rules 'may curb takeovers'
Thursday 17 November 2011
New rules banning "break fees" could result in fewer takeovers in Britain, according to a study from London's Cass Business School.
The tighter takeover rules came in last month after an outcry over the purchase of Cadbury by the US food giant Kraft. Break fees are penalties imposed on parties for abandoning an agreed deal in favour of a rival offer.
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