Criterion Properties plc v Stratford UK Properties LLC
id:
criterion-properties-plc-v-stratford-uk-properties-llc-234-2480745
title:
Criterion Properties plc v Stratford UK Properties LLC
text:
Criterion Properties plc v Stratford UK Properties LLC [2004] UKHL 28 is a leading UK company law concerning takeover defences that a board of directors may employ to prevent a bidder buying shareholders' shares without the board's consent. It held that it is an improper use of a directors' power to frustrate a takeover bid through issuing a poison pill. For public companies, the case is superseded by Rule 21 of the City Code on Mergers and Takeovers, which prohibits any action that frustrates a
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Criterion_Properties_plc_v_Stratford_UK_Properties_LLC
date created:
date modified:
2023-05-11T19:33:36Z
main entity:
{"identifier":"Q5186564","url":"https://www.wikidata.org/entity/Q5186564"}
image:
fields total:
13
integrity:
13