Regulatory Alerts2013-01-01 | FIN-FSA Regulations and guidelines 9/2013Takeover bid and the obligation to launch a bid
The Financial Supervisory Authority (FIN-FSA) issued binding regulations governing public takeover bids in Finland, requiring shareholders who cross specific voting rights thresholds to launch a mandatory public offer. The document specifies how to calculate voting proportions, secure financial consideration, and fulfill strict disclosure obligations for both offerors and offerees. It further codifies rules for persons acting in concert, ensures equivalent shareholder treatment, and grants FIN-FSA authority to extend offer periods or approve exemptions.
Share