The Thirteenth Directive and the Contrasts Between European and U.S. Takeover Regulation: Different (Regulatory) Means, Not so Different (Political and Economic) Ends?

Marco Ventoruzzo
2005 Social Science Research Network  
Cross-border acquisitions, especially through hostile takeovers, represent one of the most dramatic consequences of growing economic integration in Europe and the United States. Professor Ventoruzzo's article focuses on the Thirteenth Directive of the European Union on Takeover Regulation-European legislation approved in 2004 and scheduled for implementation by Member States by the end of 2006. Earlier versions of the Directive were embroiled in political controversies that generated Member
more » ... enerated Member State antipathy toward harmonization of European takeover law. The final version represents a significant compromise and is striking for the flexibility it grants to Member States adopting its provisions.
doi:10.2139/ssrn.819764 fatcat:yvtwrk6kzne3nbz54kkes2vfni