Change of UK takeover rules - more complexity for little gain?

New rules regulating UK takeovers have been devised by the cartel is run by industry insiders and while rule is piled upon rule there is little change to the basic flaw in the set-up: the Takeover Panel is dominated by industry insiders that have little or no interest to stop the merger merry-go-round that does little to inculcate British business with a more long-term outlook to business management. In a perverse fashion some participants in the merger game are already plotting to suggest their clients make meaningless 1p bids in order to circumvent the spirit of the new regulations. One has to wonder what the investor's fiduciaries, the major investment institutions that are the overall paymasters of the managements of listed companies will do to prevent such abuses from happening.
(31/10/11)