Deals
U.K. May Tighten Takeover Laws to Curb Foreign Influence: Times
- Measures are similar to previous government announcements
- Huawei plans major ad campaign to highlight commitment to U.K.
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The U.K. government is preparing to introduce legislation that would force British companies to report attempted takeovers that could give rise to security risks, The Times reported.
Company directors that fail to observe the rules could face fines, disqualification or jail, the newspaper said, without saying where it obtained the information.