UK Government Needs To Work To Protect Its “National Champions” And That Companies Should Have More Time To Defend Themselves In The Event Of An Approach – Polman
Head of Unilever, Paul Polman, is calling for stronger UK takeover rules following a failed bid from Kraft Heinz. He says the UK government needs to work to protect its “national champions” and that companies should have more time to defend themselves in the event of an approach. Under the current UK Takeover Code, a company has 28 days to prepare a defence before a business returns with a firm offer. Polman says there needs to be a “level playing field”.