Practical Law UK Glossary w-031-2124 (Approx. 3 pages)
Glossary
Acceleration statement
In the context of a UK takeover under the Takeover Code, a statement made by the bidder to bring forward the latest date by which all of the conditions to the offer must be satisfied or waived. A bidder that sets an unconditional date of earlier than Day 60 is treated as having made an acceleration statement.