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In the UK, the world’s second-biggest market for M&A after the US, the Takeover Panel last year reformed the rules regulating dealmaking. What impact are the changes having eight months on?Anousha Sakoui, the FT’s mergers and acquisitions correspondent, looks at the issues with studio guests James Palmer, global head of law firm Herbert Smith’s corporate business and Jonathan Rowley, co-head of European M&A at investment bank UBS.

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