Bergström, Clas; Högfeldt, Peter; Molin, Johan - Economics Institute for Research (SIR), … - 1995
A recent legislative directive from the Commission of the European Community proposes and enactment of a Mandatory Bid Rule (MBR): a bidder trying to acquire control of a firm should be required to extend the offer for all shares of the firm. This paper analyzes how adoption of such a rule...