Public M&A EP17: 'securities exchange' or 'share for share' offers

In this episode of our public M&A podcast series, we talk about 'securities exchange' or 'share for share' offers and what is different about them. We look in particular at why we expect to see more of them and the additional rules that apply, including: • the rules on reverse takeovers both under the Takeover Code and under the Listing Rules • when a prospectus is required and • other disclosure requirements that are likely to be relevant on a share for share offer. Speakers: Antonia Kirkby, Professional Support Consultant and Heidi Gallagher, Partner