Shareholder Activism Podcast Series
Themes and trends and how to prepare for and respond to an activist approach
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2 сент. 2026
Insight
Global
Our corporate team assesses the key trends and developments in the UK's fast-moving deal scene.
In our public M&A podcast series, we discuss themes, developments and topical issues we see on public M&A transactions in the UK.
Latest episode: Takeover Panel consultation on miscellaneous changes to the UK Takeover Code
In this episode of our public M&A podcast series, we talk about the UK Takeover Panel's latest consultation (PCP 2026/1) on a series of miscellaneous changes to the Takeover Code. Proposals being consulted on include:
- when a voting agreement between a shareholder and the directors of a company will result in them being treated as acting in concert;
- a change to the definition of "reverse takeover"; and
- a change to the rules on extending a put up or shut up (PUSU) deadline.
We also discuss whether we are likely to see more offers with share consideration in light of the new prospectus regime that came into force in January this year.
Speakers: Antonia Kirkby, Knowledge Counsel and Laura Ackroyd, Partner.
Key contacts
Mark Bardell
Partner, London
Stephen Wilkinson
Consultant, London
Antonia Kirkby
Knowledge Counsel, London
Robert Moore
Partner, London
Legal Notice
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills Kramer 2026
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