The mandatory offer

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Bol If a bidder acquires, directly or indirectly, control (at least 30 per cent of the voting rights) over a public limited company, they are obliged, pursuant to section 35 of the German Takeover Act (WpÜG), to make a corresponding public announcement and to make a mandatory offer to the remaining shareholders. In introducing the mandatory offer, the legislature's aim was to enhance the competitiveness of Germany as a financial centre and its attractiveness to investors. This therefore raises the question of the implications of the mandatory offer under German law.

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Beschrijving (1)

If a bidder acquires, directly or indirectly, control (at least 30 per cent of the voting rights) over a public limited company, they are obliged, pursuant to section 35 of the German Takeover Act (WpÜG), to make a corresponding public announcement and to make a mandatory offer to the remaining shareholders. In introducing the mandatory offer, the legislature's aim was to enhance the competitiveness of Germany as a financial centre and its attractiveness to investors. This therefore raises the question of the implications of the mandatory offer under German law.


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Merk Our Knowledge Publishing
EAN
  • 9786630278118
Maat


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