This guide provides an overview of the key aspects of takeovers of listed companies in France, Germany, Italy, the Netherlands, Spain, Sweden and the United Kingdom.
It is a joint product of Bonelli Erede Pappalardo, Bredin Prat, De Brauw Blackstone Westbroek, Hengeler Mueller, Mannheimer Swartling, Slaughter and May and Uría Menéndez, and summarises the relevant legislation and rules as at 01 April 2013.
Topics covered in this memorandum include:
the regulatory framework for takeovers
bid types and structures
equity control levels, stakebuilding and disclosure obligations
bid preparation, including due diligence and deal protection measures
value and type of consideration which may be offered
bid conditions and pre-conditions
anti-trust aspects of takeovers under European and national law
