SWEDEN: Rewriting the rulebook
Legislation aimed at protecting both the bidder and the target in company takeovers came into force this month. Bob Johanson explains how the Swedish Takeover Recommendation aims to make takeovers a more transparent process
As in other parts of the world, Swedish stock prices have fallen during recent years. Given that, it can be expected that sooner or later there will come a time when many Swedish companies are possible targets of takeover bids. A new Swedish Takeover Recommendation entered into force on 1 March, 2003, and will apply to public offers for the shares of Swedish companies made after that date.
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