Common Legal Framework for Takeover Bids in Europe
Download or Read eBook Common Legal Framework for Takeover Bids in Europe PDF written by and published by . This book was released on 2010 with total page 321 pages. Available in PDF, EPUB and Kindle.
Author | : |
Publisher | : |
Total Pages | : 321 |
Release | : 2010 |
ISBN-10 | : 0511674201 |
ISBN-13 | : 9780511674204 |
Rating | : 4/5 (01 Downloads) |
Book Synopsis Common Legal Framework for Takeover Bids in Europe by :
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 manageme.