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English definition of “takeover code”

takeover code

noun [S] (also Takeover Code)    
FINANCE, GOVERNMENT in the UK, a set of rules that a company that wants to take control of another company must follow : Under the official takeover code , yesterday was the deadline for any higher offer . His offer breached the Takeover Code .
(Definition of takeover code noun from the Cambridge Business English Dictionary © Cambridge University Press)
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