BAE SYSTEMS and EADS. UKSA writes to the Takeover Panel

Yesterday, UKSA asked BAE Systems’ directors to use their power to put pressure, both private and public, on all nominees on its share register to ensure that all their clients are fully informed about the proposals and able to instruct their nominees how to vote. UKSA has now written to the Takeover Panel, the body responsible for ensuring that the proposed merger is conducted fairly and in a principled way. The Panel’s publicly declared task is to supervise and regulate all matters to which the City Code on Takeovers and Mergers applies. Its “central objective is to ensure fair treatment for all” which UKSA views as meaning that all nominee account users must be given the chance to vote on this merger.
An edited extract of UKSA’s letter to the Takeover Panel can be found attached.