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Europe Daily Bulletin No. 8004

12 July 2001
GENERAL NEWS / (eu) eu/internal market
New Commission proposal over takeovers

Brussels, 11/07/2001 (Agence Europe) - The European Commissioner for the Internal Market, Frits Bolkestein, announced Tuesday, at the EcoFin Council lunch, that he would be presenting a new draft directive on regulating takeover bids. The Commissioner left a doubt hang following the vote in the European Parliament - which rejected the text of the directive to emerge from the conciliation procedure - while explaining that, whatever happened, the new drat would necessarily have to be different...

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