This paper examines the impact of takeover law enforcement on corporate acquisitions. We use the European Takeover … Directive as a natural experiment, which harmonizes takeover law across countries, while leaving its enforcement to the … find that acquirer returns increase in countries with improvements in takeover law, driven by better target selection and …

This paper examines the impact of takeover law enforcement on corporate acquisitions. We use the European Takeover … Directive as a natural experiment, which harmonizes takeover law across countries, while leaving its enforcement to the …). We find that acquirer returns increase in countries with changes in takeover law, driven by improved target selection and …

This paper considers whether the concern that implementation of Directive 2004/25 (Takeover Directive) by the Companies …

When shareholders of a target firm expect a value improving takeover to be successful, they are individually better off … not tendering their shares to the buyer and the takeover potentially fails. Squeeze-out procedures can overcome this free …

and application of the Proper Purpose Rule (the Rule or the PPR) in the Context of a Takeover Battle. As codified in … decision is also significant in re-affirming the conventional approach of an English takeover regime towards restricted power … of a target board of directors when a company becomes the subject of a corporate raid, or a hostile takeover; an approach …

The Fortis Bank takeover court case demonstrates how shareholders' claims can make a merger and takeover case less … speedy and, indeed, more costly. The case also raises a number of legal issues relating to corporate governance in a takeover …-market efficiency and social-legal justice in intervening in a financial takeover. The case reveals the divergent views taken by the two …