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A legal and economic assessment of European takeover regulation

"Takeovers are one-off events, altering control and strategy within an organisation. But the chances of becoming the target of a bid, even where remote, daily influence corporate decision-making. Takeover rules are therefore central to company law and the balance of power among managers, shareh...

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Bibliographic Details
Main Authors: Clerc, Christophe, Demarigny, Fabrice, Valiante, Diego, de Manuel Aramendía, Mirzha
Institution:ETUI-European Trade Union Institute
Format: TEXT
Language:English
Published: Brussels 2012
CEPS
Subjects:
company law
economic implication
enterprise takeover
EU Directive
EU law
implementation
corporate governance
EU countries
USA
Online Access:https://www.labourline.org/KENTIKA-19129374124919475569-a-legal-and-economic-assessmen.htm
Description
Summary:"Takeovers are one-off events, altering control and strategy within an organisation. But the chances of becoming the target of a bid, even where remote, daily influence corporate decision-making. Takeover rules are therefore central to company law and the balance of power among managers, shareholders and stakeholders alike. This study analyses the corporate governance drivers underpinning takeover bid regulations and assesses the implementation of the EU Directive on takeover bids and compares it with the legal framework of nine other major jurisdictions, including the US. It finds that similar rules have different effects depending on company-level and country-level characteristics and considers the use of modular legislation and optional provisions to cater for them."
Physical Description:277 p.
Paper
Digital

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