Sign-in Help
Commentary

184.1 Article 11 of the Takeover Directive

COMPANIES vol 11 acquisitions, mergers, demergers
COMPANIES vol 11 acquisitions, mergers, demergers | Commentary

184.1 Article 11 of the Takeover Directive

COMPANIES vol 11 acquisitions, mergers, demergers | Commentary

184 Breakthrough provisions

184.1 Article 11 of the Takeover Directive

Also relevant in the context of possible frustrating action, are the provisions contained in the Companies Act 2006 which implement Article 11 of the Takeovers Directive1. In the above circumstances, Article 11 seeks to override a number of defensive devices that may be adopted by companies prior to the bid (including differential share structures under which minority shareholders may exercise disproportionate voting rights, restrictions on transfer of shares in the company articles or in contractual agreements, and limitations on share ownership). The Directive does not require a member

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial
EXISTING USER? SIGN IN TAKE A FREE TRIAL TAKE A FREE TRIAL
Stop drafting from scratch and work more productively.
Offering an unrivalled collection of non-litigation precedents for everything specialist and generalist practitioners are likely to encounter.
TAKE A FREE TRIAL Take a free trial Take a free trial