TAKEOVERS

BY KEITH NUTHALL
A PANEL of company law specialists has made recommendations to the European Commission about a possible future EU takeover directive, which Brussels is to propose this Spring. The revamped legislation will draw on their ideas and follows the rejection by the European Parliament of a six-year-old takeovers proposal last summer.

The group had been charged with examining contentious areas attacked by MEP's. Its advice includes:

*Setting a level playing field for takeovers across the EU. Here, the experts have said that EU law must ...


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