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LATEST NEWS & EVENTS Corporate takeover rules to tighten  Businesses may have more call for a mergers and acquisitions solicitor service, after it was revealed that takeover rules are to be shored up to make it harder for hostile takeovers. The Takeover Panel is seeking to redress what it sees as the "tactical advantage" that has been gained in recent times by investors and companies launching hostile bids. In particular, a consultation process that ended in July raised two main concerns - that is has become too easy for hostile bids to succeed and that short-term investors have too much influence in the process. The panel's code committee "intends to bring forward proposals to amend the code with a view to reducing this tactical advantage and redressing the balance in favour of the offeree company". Disenfranchising shares acquired during the bid period was considered, though this has been shelved until such changes to company law mean it would be sensible to amend the takeover code similarly, the panel added. The news comes after concerns were raised about the takeover of Cadbury by US food maker Kraft. Posted by Gaby Hamerton 
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