Takeover Directive

The Takeover Directive 2004/25/EC is an EU Directive dealing with European company law's treatment of mergers and acquisitions. It concerns the standards takeover bidders must comply with in how long a bid stays open to, who they offer to, and the information companies must give to the public about the bid. The most controversial provision, which eventually was made optional, was the requirement of the board of directors of a target company to be neutral in the bid process.

Content

See also

Notes

  1. Implemented by CA 2006 ss 966-972 in UK company law

References

External links

This article is issued from Wikipedia - version of the Saturday, September 21, 2013. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.