Experts urge major threshold changes to improve UK listed companies’ competitiveness in international auctions
Legal experts have urged the Financial Conduct Authority to take major steps to increase the threshold for requiring shareholder approval of significant transactions to stop UK listed insurers being at a disadvantage in competitive mergers and acquisition auctions.
James Thompson, partner in Baker McKenzie’s corporate practice, said: “The area where the FCA could have gone further is around significant transactions - while it is suggesting an increase of the
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