Draft Company (Mergers and Divisions of Public Companies) (Amendments) Regulations 2008
Starting Date: 06-12-07
Closing Date: 28-02-08
The Department for Business Enterprise and Regulatory Reform (BERR) invites your views on the draft Companies (Mergers and Divisions of Public Companies) (Amendment) Regulations 2008. These regulations will implement Directive 2007/63/EC which removes the obligation for an independent expert’s report to be compiled on the terms of a merger or division of a public limited liability company if all shareholders agree. The draft regulations also include provisions to bring the prohibition on companies holding their own shares in the case of Mergers (Article 19(2) of Directive 78/855/EEC) and Divisions (Article 17(2) of Directive 82/891/EEC (Divisions) in line with Cross Border Merger Regulations.
We welcome your comments on the draft regulations, by 28 February 2008.
Comments should be sent, preferably by email, to:
Julie Ford
Corporate Law and Governance Directorate
Department of Trade and Industry
1 Victoria Street
London
SW1H 0ET
Email: Julie.ford@berr.gsi.gov.uk
Tel: 020 7215 2162
Fax: 0207 215 0235
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