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LATEST NEWS & EVENTS Takeover Panel reveal new takeover laws  The British Takeover Panel has announced new rules that will affect companies undergoing insolvency and restructuring. These new rules mean that bidders will be forced to reveal their own financing and indicate any potential future job losses. As well as this, the panel has voiced its desire to ban inducement payments, where bidders are needed to pay their target company a fee if they withdraw from a deal. These new changes were triggered by Kraft's takeover of Cadbury's last year, which brought a negative reaction from critics within the industry. This news comes after takeovers by private equity groups reached the cumulative value of £13 billion. Throughout the first six months of 2010, private equity takeovers represented 73 per cent of all mergers and acquisitions within Britain, marking increase from last year's figure of a 28 per cent. Steve O'Hare, director at Barclays Private Equity in the North, said: "It is encouraging to see the exit market opening up, not just from financial buyers but with an increased appetite from trade buyers." Posted by Gaby Hamerton 
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