MORE TALKS ON DEFINING TAKEOVER BIDS DIRECTIVE.
Talks are continuing within the Council of Ministers on how to coordinate the guarantees required from companies in the framework of the draft Thirteenth Directive on company law and public takeover bids. The Council working group has recently been examining the provisions proposed for minimum guidelines for the conduct of takeover bids, aimed at protecting associated companies and third parties. A new compromise text on these provisions, drafted by the Austrian Presidency and adapted by the...
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