Shareholder activism has been on the rise globally over the past decade. Bermuda has not been immune from that trend. Shareholder activism in Bermuda often involves differing considerations unique to offshore jurisdictions....more
In March 2026, there were three Rule 2.7 announcements made across the UK public M&A market and seven further possible offers / sale processes announced....more
Insights from the Sommet du repreneuriat 2026 - Partners Lucien Bouchard and Nicolas Morin represented Davies at this year’s Sommet du repreneuriat, contributing to a broader reflection on one of the most defining economic...more
This edition summarises the key developments for Hong Kong listed companies in January and February 2026, including the publication of new frequently asked questions by the Stock Exchange of Hong Kong Limited (the Stock...more
Welcome to our yearly newsletter “Public Takeovers in Germany”. Our newsletter provides among other things a statistical analysis of public takeovers in Germany during the year of 2025. Further, we showcase what we consider...more
We have run our annual analysis of announced non-binding indicative offers and pre-bid stakes in public M&A to capture NBIOs announced in calendar year 2025....more
In a significant post-trial decision, the Delaware Court of Chancery addressed a dispute between Fortis Advisors LLC, representing Unknown Worlds Entertainment’s former shareholders, and Krafton, Inc., the global video game...more
Die BaFin hat am 20. März 2026 eine Aufsichtsmitteilung zu den Auswirkungen des EuGH-Urteils vom 12. Februar 2026 (Rs. C-864/24) zum Acting in Concert veröffentlicht....more
The 2026 edition of the Herbert Smith Freehills Kramer Guide to Takeovers and Schemes of Arrangement has been launched. Our Guide is designed to provide a helpful summary of some of the key legal and regulatory issues...more
Many corporations have changed their state of incorporation to move away from Delaware or are considering doing so. There are many reasons to consider alternative jurisdictions to Delaware but most often cited by public...more
In February 2026, there were three Rule 2.7 announcements made across the UK public M&A market and three further possible offers announced....more
Receipt of an unsolicited non-binding offer – or even more so an unsolicited takeover bid – can make a target company and its board feel immediately on the back foot, even for directors and executives who have been involved...more
The English High Court in Glint Pay Ltd & Ors v Baker & Anor struck out a claim challenging the validity of the appointment of administrators who were appointed following a debt acquisition for the purpose of an attempted...more
In January 2026, there were three Rule 2.7 announcements made across the UK public M&A market and nine further possible offers announced. Firm Offers announced this month: • Recommended cash offer by VertiGIS Ltd for...more
We are pleased to present our latest analysis on the public M&A market in Germany for 2025. This comprehensive report, prepared by A&O Shearman, provides an in-depth overview of the market developments and key trends that...more
On 19 January 2026, a new UK prospectus regime, under the Public Offers and Admissions to Trading Regulations 2024 (the “New Prospectus Rules”) took effect. Published by the Financial Conduct Authority (“FCA”), the new rules...more
On 19 January 2026, the new UK prospectus rules (Prospectus Rules: Admissions to Trading on a Regulated Market, known as the “PRM Sourcebook”) took effect and, together with the Public Offers and Admissions to Trading...more
In Dealmaker’s Digest, read the top 10 latest developments in global transactions. We offer insights into M&A activity across industries and borders....more
On 2 December 2025, the Takeover Panel published amendments to the Takeover Code following consultation earlier in the year (for more information, see the August edition of this newsletter) related to the application of the...more
Below is our quarterly briefing covering the most important developments for UK PLCs, UK equity capital markets and UK public M&A in Q4 2025....more
2025 has been a reasonably active year for the public M&A market in the UK. It started strongly, with the first half experiencing the highest deal volumes in any six-month period for several years, although the volume of...more
It’s the most wonderful time of the year. Whether you celebrate with tinsel or simply a well-earned break, we think everyone deserves a gift – the greatest gift of all, M&A insights! To turn the phrase made famous by...more
PUBLIC TAKEOVERS IN GERMANY - For the successful acquisition of a publicly listed company in Germany, a bidder must carefully consider legal and strategic implications at each stage of the takeover process. This white...more
This article is the 1st in a series of Thought Leadership items on this subject. Stay tuned for more. A shifting landscape in Dutch capital markets The Dutch capital markets are undergoing a significant transformation. In...more
The key updates in September and October 2025 were dominated by enforcement activity and board governance themes....more