Panel Publishes Consultation Paper - Draft Revised Guidance Note 18 on Takeover Documents

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The Takeovers Panel today published a consultation paper regarding a revised version of Guidance Note 18 Takeover Documents.

The primary change to Guidance Note 18 relates to the accessibility of takeover documents. The Guidance Note encourages use of a summary section in takeover documents, primarily for retail shareholders, that gives an overview of the document.

The Panel seeks comments on the draft guidance note by 28 February 2014. Comments should be emailed to

The Consultation Paper is available on the Panel's website on the consultation page.

Allan Bulman
Director, Takeovers Panel
Level 10, 63 Exhibition Street
Melbourne VIC 3000
Ph: +61 3 9655 3597