December 7, 2018 / 3:18 PM / 10 months ago

Dutch government proposes law to delay hostile takeovers

AMSTERDAM (Reuters) - The Dutch cabinet said on Friday it has finished drafting a law granting listed companies the right to call a 250-day grace period to consider a hostile takeover offer.

The government first proposed such a law in 2017 in the wake of failed foreign takeover bids for paintmaker Akzo Nobel (AKZO.AS) and Anglo-Dutch consumer products maker Unilever UNc.AS.

The draft law will now be circulated for public comment before being revised and submitted to parliament for approval.

Reporting by Toby Sterling; Editing by Susan Fenton

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below