This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … kind. Unfortunately, takeover rules cannot be crafted so as to hinder all the bad takeovers while at the same time … current EC legal framework for takeovers overall hinders takeover activity in the EU, the paper identifies three rationales …

This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … both value-creating and value-decreasing and there is no way to tell ex ante which kind they are. Unfortunately, takeover … hinders takeover activity in the EU, the paper identifies three rationales for a takeover-neutral intervention of the EU in …