WPP/Tempus: MAC clauses in public takeover offers

Resource type: Article

Status: Published on 03-Dec-2001

Jurisdiction: United Kingdom

WPP has lost its appeal against the Takeover Panel Executive's ruling not to allow it to invoke a material adverse change condition in its £455 million offer for Tempus in an attempt to withdraw its offer.
Gillian Ridgway, PLC

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  • Resource ID: 8-101-6082
  • Published: 03-Dec-2001
  • Products:  PLC Magazine (UK), PLC UK Corporate, PLC UK Law Department
    • Series: News brief
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