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Europe Daily Bulletin No. 8594

28 November 2003
Contents Publication in full By article 10 / 49
GENERAL NEWS / (eu) eu/competitiveness
Council adopts agreement on lighter take-overs directive by unanimity, against the recommendation of Commission but with support of EP

Brussels, 27/11/2003 (Agence Europe) - On Thursday the Competitiveness Council reached an agreement on the take-overs directive whose two central articles on anti-take-over defensive measures will be "optional". It came out against the recommendation of the Commission and adopted its "common approach" at unanimity. Spain abstained. Commissioner Frits Bolkestein confirmed that the Commission was opposed to this compromise on the directive that "empties it of any meaning". He did not, however,...

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