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Takeover Bids Directive

Directive 2004/25/EC on takeover bids
32004L0025 · official text on EUR-Lex

Articles

• Article 1 — Scope
• Article 2 — Definitions
• Article 3 — General principles
• Article 4 — Supervisory authority and applicable law
• Article 5 — Protection of minority shareholders, the mandatory bid and the equitable price
• Article 6 — Information concerning bids
• Article 7 — Time allowed for acceptance
• Article 8 — Disclosure
• Article 9 — Obligations of the board of the offeree company
• Article 10 — Information on companies as referred to in Article 1(1)
• Article 11 — Breakthrough
• Article 12 — Optional arrangements
• Article 13 — Other rules applicable to the conduct of bids
• Article 14 — Information for and consultation of employees' representatives
• Article 15 — The right of squeeze-out
• Article 16 — The right of sell-out
• Article 17 — Sanctions
• Article 18 — Committee procedure
• Article 19 — Contact committee
• Article 20 — Revision
• Article 21 — Transposition
• Article 22 — Entry into force
• Article 23 — Addressees