Book contents
- Frontmatter
- Contents
- Contributors
- Preface
- Part II Application in each Member State National reports for the EU Member States
- Part III National reports for the EEA Member States
- Part IV Annexes
- Annex I Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids (text with EEA relevance)
- Annex II List of national laws implementing the Takeover Directive
- Index
Annex I - Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids (text with EEA relevance)
from Part IV - Annexes
Published online by Cambridge University Press: 11 May 2010
- Frontmatter
- Contents
- Contributors
- Preface
- Part II Application in each Member State National reports for the EU Member States
- Part III National reports for the EEA Member States
- Part IV Annexes
- Annex I Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids (text with EEA relevance)
- Annex II List of national laws implementing the Takeover Directive
- Index
Summary
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community, and in particular Article 44(1) thereof,
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Economic and Social Committee,
Acting in accordance with the procedure laid down in Article 251 of the Treaty,
Whereas:
(1) In accordance with Article 44(2)(g) of the Treaty, it is necessary to coordinate certain safeguards which, for the protection of the interests of members and others, Member States require of companies governed by the law of a Member State the securities of which are admitted to trading on a regulated market in a Member State, with a view to making such safeguards equivalent throughout the Community.
(2)It is necessary to protect the interests of holders of the securities of companies governed by the law of a Member State when those companies are the subject of takeover bids or of changes of control and at least some of their securities are admitted to trading on a regulated market in a Member State.
(3) It is necessary to create Community-wide clarity and transparency in respect of legal issues to be settled in the event of takeover bids and to prevent patterns of corporate restructuring within the Community from being distorted by arbitrary differences in governance and management cultures.
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- Common Legal Framework for Takeover Bids in Europe , pp. 287 - 300Publisher: Cambridge University PressPrint publication year: 2010
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