Process Of A Takeover

Question 1

1

Answer 1

Bidders must have a need
- e.g. expansion to a new area

Question 2

2

Answer 2

Set an objective and perform a search

Question 3

3

Answer 3

Make an approach either to BoD or Shareholders

Question 4

4

Answer 4

Accept

Reject
Potential for info leakage
CMA FCA intervene
Make an improved bid asap

Question 5

5

Answer 5

Due diligence
- check assets

Question 6

6

Answer 6

Payment either cash or stock

Question 7

7

Answer 7

Delist from LSE

Question 8

8

Answer 8

Integration