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Europe Daily Bulletin No. 8465

20 May 2003
Contents Publication in full By article 16 / 46
GENERAL NEWS / (eu) eu/competitiveness
Special Council could take place before July to try and take take-overs directive out of the woods

Brussels, 19/05/2003 (Agence Europe) - The Competitiveness Council id not obtain a compromise on the "public take-overs" directive due to strong divergences. Commissioner Frits Bolkestein proposed that a special Council be organised before the end of the Greek Presidency so that an agreement could be obtained before the end of the legislative period in May 2004. Divergences still focus on Article 9 of the directive, which stipulates that a management board of a company targeted in a hostile...

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