Summary
LONDON (HedgeWorld.com) - The United Kingdom's Panel on Takeovers and Mergers issued a consultation paper with regard to derivatives contracts on the equity of takeover targets and has invited comment by Feb. 28.
The derivatives with which the panel especially is concerned are contracts for difference - those in which the holder of a contract benefits from a rise (long) or a fall (short) in the price of the referenced asset without acquiring legal title and such attendant rights as a vote in proxy contests.See the full content of this document
Extract
U.K. Takeover Panel Wants Cfd Disclosure
The panel, which released its consultation paper Jan. 7, is concerned that these instruments can be employed to evade the s...
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