Common Legal Framework for Takeover Bids in Europe

An examination of the general principles applicable to takeover bids in the European Union and the European Economic Area.

Dirk Van Gerven (General editor)

9780521516709, Cambridge University Press

Hardback, published 28 January 2010

332 pages
23.5 x 15.6 x 1.9 cm, 0.65 kg

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.

Part II. Application in each Member State: National reports for the EU Member States: 19. Bulgaria Yordan Naydenov, Damian Simeonov and Angel Angelov
20. Cyprus Alexandros Tsadiras
21. Denmark Vagn Thorup and David Moalem
22. Finland Mikko Heinonen amd Klaus Ilmonen
23. France Didier G. Martin, Antoine Tezenas Du Montcel and Max Baird-Smith
24. Italy Francesco Gianni and Andrea Aiello
25. Malta Louis De Gabriele and David Zahra
26. Poland Rafa? Dziedzic, Maciej Owczarewicz and Ma?gorzata Wojtkiewicz-Kabut
27. Romania Diana E. Precup
28. Slovenia Matija Knapi?, Jurij Dolžan and Peter Premk
29. Sweden Madeleine Rydberger and Nils Nostell
Part III. Application in the EEA Member States: 30. Iceland Ólafur Arinbjörn Sigurðsson
31. Liechtenstein Andreas Schurti and Alexander Appel
31. Norway Sverre Tyrhaug and Tore Mydske
Annexes: Annex I Council Directive (EC) No 2004/25 of 21 April 2004 on takeover bids (the Takeover Directive)
Annex II List of national laws implementing the Takeover Directive.

Subject Areas: Company law [LNCD], EU & European institutions [JPSN2]