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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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