Context

A leading UK food conglomerate was one of the first companies to independently assess its brand value in order to fence off a potential hostile takeover attempt, and in 1989 this early method of valuation was endorsed by the London Stock Exchange by allowing the inclusion of intangible assets in the class tests for shareholder approvals during takeovers.

part of the UK securities law and regulations whereby existing stockholders can vote on transactions which significantly affect the assets and liabilities of the firm where they have investments,more specifically when the management is going to issu

Example

Nearly all respondents favored retaining the requirement for shareholder approval of Class 1 transactions. They identified the class test regime as an important and valued discipline on UK listed companies.

TcTerms Source Question

View the question

___________
Entry in TCTerms English-English Glossary. Rendering: 0.0781 sec.