Commentary Overview of the Part
1173.The Part is divided into 4 Chapters:
	Chapter 1 deals with matters related to the Takeover Panel and its takeover regulatory functions;
	Chapter 2 concerns matters related to barriers to takeovers;
	Chapter 3 contains provisions relating to “squeeze-out” and “sell-out” (concepts designed to address the problems of, and for, residual minority shareholders following a successful takeover bid); and
	Chapter 4 amends the provisions in Part 7 of the 1985 Act about the content of annual reports of companies traded on a regulated market.
Note: It is intended that certain provisions of Part 28 will be extended to unregistered companies with shares traded on a regulated market. This will be achieved by the regulation-making power at section 1043 of the Act. It is necessary to ensure compliance with the Takeovers Directive.