Calls for a takeover code
http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-24582093.htm
AMSTERDAM, Apr. 17, 2008 (Thomson Financial delivered by Newstex) — Dutch shareholders association VEB called on Thursday for a takeover code to be introduced in the Netherlands after an Amsterdam commercial court rejected its request for an inquiry into ABN Amro (NYSE:ABN) Holding NV’s management.
The VEB said takeover situations should be made more transparent, more predictable and fairer, adding it will unveil concrete proposals for a takeover code next week.
The association was responding after the Enterprise Chamber of the Amsterdam Court of Appeals rejected on Thursday a request from the VEB and Dutch unions to conduct an investigation into ABN Amro’s management and its actions last year in the takeover battle for the Dutch bank.
In a separate statement after the Amsterdam court’s ruling, trade union FNV Bondgenoten said it will consider lodging an appeal against the ruling.
An article with updates relating to a request for an invesitgation relating to the merger/acquistion of ABN Amro. It’s an interesting read, do check it out.
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