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Europe Daily Bulletin No. 8310

3 October 2002
GENERAL NEWS / (eu) eu/takeovers
MEPs welcome draft directive on takeovers, but with reservations over "multiple voting rights"

Brussels, 02/10/2002 (Agence Europe) - The new draft directive on takeover bids adopted by the Commission on Wednesday "is a fundamental step for the setting up of the single market for capital by 2005" Commissioner Frits Bolkestein pointed out when presenting his proposal to the European Parliament's Committee on Legal Affairs and the Internal Market. He hoped an agreement could be found rapidly between Council and Parliament, which in July 2003 had rejected (273 in favour and 273 against)...

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