FT: Brussels tries again for European takeover code

11 January 2002

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The European Commission's 12-year struggle to introduce a Europe-wide takeover code was revived yesterday when a group of experts outlined a compromise designed to overcome strong opposition from the European parliament and German companies.

The plans include proposals to prevent governments from blocking takeovers, and measures to protect minority shareholders. They mark a new attempt by the Commission to launch a reform of cross-border takeover regulations since a previous attempt was blocked by the European parliament last year.

See full FT article and also a FT comment on the Committee of experts

© Financial Times