Inallother share repurchases by general offer, and where applicable, in the caseofoff-market share repurchases, the followingRulesof the TakeoversCode will normallyapply: -.
And last week the government moved to overrule the Supreme Court and change the tax code to tax foreign takeovers retroactively, not least Vodafone's purchase of its Indian arm.
Last month, opposition peers backed a move to ensure the panel's City Code on mergers and takeovers would provide a "safe harbour" for people accused by the FSA of market abuse.