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The Mandatory Bid Rule in the Takeover Directive: Harmonization Without Foundation?
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Luca Enriques
Published/Copyright:
April 18, 2012
The following article critically evaluates the mandatory bid rule in the new Takeover Directive. It questions the rationale and the effectiveness of this central feature in light of the wide discretion left to the Member States, in particular regarding the permissibility of defensive measures, and ends with provocative views on “cui bono?”.
Published Online: 2012-04-18
Published in Print: 2004-12
©2012 by Walter de Gruyter GmbH & Co.
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Articles in the same Issue
- Fundamentals, Developments and Trends in British Company Law – Some Wider Reflections. First Part: Overview and the British Approach
- The Directive on Takeover Bids – Not Worth the Paper It’s Written On?
- The Mandatory Bid Rule in the Takeover Directive: Harmonization Without Foundation?
- The Rules on Conflict of Laws in the European Takeover Directive
Articles in the same Issue
- Fundamentals, Developments and Trends in British Company Law – Some Wider Reflections. First Part: Overview and the British Approach
- The Directive on Takeover Bids – Not Worth the Paper It’s Written On?
- The Mandatory Bid Rule in the Takeover Directive: Harmonization Without Foundation?
- The Rules on Conflict of Laws in the European Takeover Directive
