TAKEOVER BIDS – EU
February 1st, 2003
BY ALAN OSBORNTHE EUROPEAN Union's revised take-over directive is facing new obstacles following an unexpected decision by Britain to side with Germany in opposing a number of key aspects of the proposal. Thus far Germany has been alone in rejecting provisions in the draft directive, which would limit national mechanisms to frustrate take-over bids."We want to make sure that we address concerns in the European Parliament about creating a level playing field for shareholders across the EU and that means there are several points where we recognise German ...
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