engleski

Adopted EU Directive on Takeover Bids-the Target Company Management's Position, Defensive Measures and Insider Dealing

Finnally adopted the Takeover EU Directive will introduce significant measures of harmonization and will establish a framework for the protection of shareholders throughout the European Union.The directive includes the minimum standards and because of that will enable and minimum harmonization of the takeover law in the frame of the EU.The author especially pointed interest on the management's position and its possibility of trading with the Target Company's shares on the base of inside information.

directive 2004/25/EC on takeovers; management; bid; defensive measures; inside information; insider; article 12.

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