Irish takeover body soon

THE Bill which will allow for the establishment of the Irish Takeover Panel has been published by the Department for Enterprise…

THE Bill which will allow for the establishment of the Irish Takeover Panel has been published by the Department for Enterprise and Employment and the panel is now expected to be in operation within a matter of months. Until the new Bill "becomes law, the rules of the Takeover Panel in London will apply to takeover of Irish public companies. Already, former Ulster Bank Corporate Finance director Mr Leo Conway has been appointed director general of the Irish Takeover Panel while Mr John Cooke SC will be the panel's first chairman.