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Europe Daily Bulletin No. 8482

14 June 2003
Contents Publication in full By article 13 / 34
GENERAL NEWS / (eu) eu/take-overs
Work on "take-overs" directive progressing on basis of Portuguese "compromise"

Brussels, 13/06/2003 (Agence Europe) - Member States are moving toward a "take-overs" directive which will allow companies the choice of applying the rules on "defence measures" that a company can take in the face of a hostile take over bid. This compromise was proposed by Portugal during the last Ecofin Council (EUROPE 20 May p 9). Experts from Member States worked on the technical modalities on Friday for the solution and the Permanent Representatives are expected to examine them on Monday...

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