Under takeover rules in the U.K., where SABMiller has its primary listing, ABI was required to make a formal offer by Wednesday evening in London, or else withdraw its interest, after having declared its intention to bid last month. (fortune.com)
Like changing takeover rules, so great British firms aren't at the mercy of the hedge funds and speculators who can swoop in after a takeover has been launched in the hunt for a quick buck. (politics.co.uk)
Under UK takeover rules, Kraft's public withdrawal of its offer precludes it from reviving takeover talks with Unilever for six months. (breakingviews.com)