Common Legal Framework for Takeover Bids in Europe: Volume 1

Download or Read eBook Common Legal Framework for Takeover Bids in Europe: Volume 1 PDF written by Dirk Van Gerven and published by Cambridge University Press. This book was released on 2008-11-27 with total page 958 pages. Available in PDF, EPUB and Kindle.
Common Legal Framework for Takeover Bids in Europe: Volume 1
Author :
Publisher : Cambridge University Press
Total Pages : 958
Release :
ISBN-10 : 9781107320024
ISBN-13 : 110732002X
Rating : 4/5 (24 Downloads)

Book Synopsis Common Legal Framework for Takeover Bids in Europe: Volume 1 by : Dirk Van Gerven

Book excerpt: The Council Directive of 21 April 2004 on takeover bids sets forth the general principles applicable to takeover bids and clarifies certain minimum rules with respect to the procedure for a takeover bid, the obligation to make a mandatory bid in the event a minimum threshold is crossed and the majority shareholder's squeeze-out right as well as the minority shareholders' sell-out right. Furthermore, the Directive defines the authority which is competent to approve offer documents and supervise takeover bids, and provides for optional restrictions on the actions of the target company's management and on defence mechanisms. This book discusses the Takeover Directive and its implementing rules in each Member State of the European Union and the European Economic Area, providing companies and their advisors with useful insight into the legal framework and principles applicable to takeover bids in the region.


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