This is a draft chapter for a forthcoming volume, “Cross Border Mergers Directive: EU Perspectives and National Perspectives”, edited by Thomas Papadopoulos (Springer). The chapter first describes how cross-border mergers are regulated in Italy, detailing the national rules implementing the...

This paper seeks to offer a novel explanation of what affects control contestability in Continental Europe's listed firms, highlighting the powerful anti-takeover role played by supermajority in companies controlled by minority blockholders. The paper shows how the requirement of a supermajority...