Takeover Panel
An independent UK body which supervises and regulates takeovers and other merger transactions for companies which are listed or have registered offices in the UK, Channel Islands and the Isle of Man. It aims to ensure that shareholders are treated fairly during takeover bids and that these are carried out in a formal and orderly manner. It does not, however, consider the financial or commercial benefits or drawbacks of a takeover. The Takeover Panel was set up in 1968.
This definition is for general information purposes only