After a run of firm offers in early Summer, the UK public M&A market softened in Q3. Alongside this there was a noticeable increase in lapsed or withdrawn bids. In the latest podcast, the duo unpicks the reasons behind this and whether there has been any fundamental shift in the Panel's approach to conditionality.

The episode is intended to sit alongside, and complement, our quarterly publication which is available on our website. The publication looks at key highlights and market developments in the second quarter, as well as relevant legal and regulatory developments. The publication also includes tables summarising the key features of firm offer announcements made during the quarter.

To listen to this and to subscribe to future episodes in our governance mini-series, search for “Ashurst Legal Outlook” on Apple Podcasts, Spotify or your favourite podcast player. You can also find out more about the full range of Ashurst podcasts at ashurst.com/podcasts.

The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Listeners should take legal advice before applying it to specific issues or transactions.

After a run of firm offers in early Summer, the UK public M&amp;A market softened in Q3. Alongside this there was a noticeable increase in lapsed or withdrawn bids. In the latest podcast, the duo unpicks the reasons behind this and whether there has been any fundamental shift in the Panel's approach to conditionality.
The episode is intended to sit alongside, and complement, our quarterly publication which is available on <a href="https://www.ashurst.com/en/insights/2025/oct/uk-public-ma-update-q3-2025/">our website</a>. The publication looks at key highlights and market developments in the second quarter, as well as relevant legal and regulatory developments. The publication also includes tables summarising the key features of firm offer announcements made during the quarter.
To listen to this and to subscribe to future episodes in our governance mini-series, search for &ldquo;Ashurst Legal Outlook&rdquo; on Apple Podcasts, Spotify or your favourite podcast player. You can also find out more about the full range of Ashurst podcasts at&nbsp;<a href="https://www.ashurst.com/en/podcasts/">ashurst.com/podcasts</a>.
The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Listeners should take legal advice before applying it to specific issues or transactions.

The commercial world is always changing and the legal landscape never stands still. Keeping pace with all those changes, and knowing how they affect your organisation, is a big responsibility and a challenging task. Ashurst Legal Outlook will keep you at the forefront of the most pressing legal issues, offering insights from legal experts across our international network.

The commercial world is always changing and the legal landscape never stands still. Keeping pace with all those changes, and knowing how they affect your organisation, is a big responsibility and a challenging task. Ashurst Legal Outlook will keep you at the forefront of the most pressing legal issues, offering insights from legal experts across our international network.

A podcast series that will keep you across the global trends and local issues that are shaping the legal landscape and impacting organisations.

Ashurst Legal Outlook Podcast

Ashurst Legal Outlook

After a run of firm offers in early Summer, the UK public M&A market softened in Q3. Alongside this there was a noticeable increase in lapsed or withdrawn bids. In the latest podcast, colleagues Harry Thimont and Jade Jack unpick the reasons behind this and whether there has been any fundamental shift in the Panel's approach to conditionality.

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