Takeover Bids: The Implementation of EC Directive No. 2004/25 by the Italian Government (Offerte Pubbliche Di Acquisto: L'Attuazione Della Direttiva N. 2004/25/Ce Da Parte Del Legislatore Delegato)

Abstract:     
The paper - written in Italian - presents an overview of the main features of the decree issued in November 2007 by the Italian Government in order to implement EC Directive 2004/25 on takeover bids. The paper deals with the following: sphere of application of the provisions enacted by the Directive, bid price, passivity and breakthrough rules, sell-out and squeeze-out rights.

Keywords: Takeover bids, Directive 2004/25/EC, Offerte Pubbliche di Acquisto, OPA, D. lgs. 19 novembre 2007 n. 229

JEL Classifications: K22

Accepted Paper Series