The EC's road to harmonized takeover bid regulation isn't precisely sown with roses.
Maybe someone should have seen trouble coming. With its first meeting scheduled for September 11, 2001, the European Commission's so-called high-level group of company law experts didn't have the best of backgrounds against which to begin deliberations on the future regulation of European takeover bids. Since issuing its initial report in January, it has been embroiled in controversy.Although no-one could be blamed for the lack of prescience about September 11, the European takeover directive
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