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Europe Daily Bulletin No. 8126

11 January 2002
GENERAL NEWS / (eu) eu/takeover bids
Report by expert group ordered by the Commission gives shareholders the power to accept a public offering and argues against golden shares - proposal of Directive in April

Brussels, 10/01/2002 (Agence Europe) - European Commissioner Frits Bolkestein announced that the Commission will be presenting a new proposal of Directive in April on public takeover bids, based on the results of a report on public offerings by a group of experts in company law, and published on Thursday.

The group had been called together at the request of the Commission after the European Parliament had rejected the takeover bid directive last July (see EUROPE of 5 July, p.7), in order to...

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