Structuring a takeover: offers and schemes of arrangement—comparative timetables


Produced in partnership with Julian Henwood of Gowling WLG
Checklists

Structuring a takeover: offers and schemes of arrangement—comparative timetables


Produced in partnership with Julian Henwood of Gowling WLG

Checklists
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This document provides a comparative timetable distinguishing between takeovers by way of takeover offer and takeovers by way of a transfer scheme of arrangement. For a discussion of the options available for structuring an offer, and a comparison between takeovers by way of scheme of arrangement and takeovers by way of contractual offer, see Practice Note: Structuring a takeover—offers vs schemes of arrangement.

For more detailed timetables for a takeover structured by way of offer or scheme, see: Timetable—offer and Timetable—scheme.

References to Rules are to Rules of the Code.

DateTakeover offerScheme of arrangement
Before D - 28Provisionally book hearing dates with High Court.
D - 29Sign credit agreement—stage 1 CPs satisfied.
No earlier than D - 28Announce offer (content to comply with Rule 2.7).Announce scheme (content of scheme to comply with Rule 2.7 and Section 3(c)(i) of Appendix 7).
Issue claim form in High Court with supporting documents (including scheme document).
Sign credit agreement—stage 1 CPs satisfied.
Between D
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United Kingdom

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