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Govt proposes law to delay hostile takeovers

Devdiscourse News Desk amsterdam Last Updated at 07-12-2018 21:10:53 IST Netherlands

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 and Anglo-Dutch consumer products maker Unilever.

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

(With inputs from agencies.)

COUNTRY : Netherlands

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