Regulatory Alerts2025-06-02
Order on Takeover Bids
The Danish Financial Supervisory Authority issued this Order to implement EU directives governing mandatory and voluntary takeover bids for companies listed on regulated markets. It establishes strict requirements for offer documents, pricing mechanisms, equal treatment of shareholders, and the disclosure of material information to ensure market transparency. The regulation defines the rights and obligations of offerors and target companies, including rules on compensation, bid extensions, and the handling of competing offers.
Share