Independent journal on economy and transport policy
01:19 GMT+2
EU backs measures that may end hostile takeovers
(Financial Times)
December 14, 2000
By Deborah Hargreaves in Strasbourg
The European parliament passed controversial changes to planned European Union legislation on company takeovers that could spell the end of hostile bids in the EU.
The changes would allow the management of a target company to take defensive action against a hostile bid without consulting shareholders.
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