Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Dutch government proposes law to delay hostile takeovers

Dutch government proposes law to delay hostile takeovers
FILE PHOTO: The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw/File Photo -
Copyright
Stringer .(Reuters)
Euronews logo
Text size Aa Aa

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)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.