caa a22 4500 378940643 CHVBK 20180305123651.0 cr unu---uuuuu 161128e200412 xx s 000 0 eng 10.1515/ecfr.2004.1.4.440 doi (NATIONALLICENCE)gruyter-10.1515/ecfr.2004.1.4.440 Enriques Luca * Professor of Business Law, University of Bologna and ECGI Research Associate. E-mail address: luca.enriques@unibo.it The Mandatory Bid Rule in the Takeover Directive: Harmonization Without Foundation? [Elektronische Daten] [Luca Enriques] The following article critically evaluates the mandatory bid rule in the new Takeover Directive. It questions the rationale and the effectiveness of this central feature in light of the wide discretion left to the Member States, in particular regarding the permissibility of defensive measures, and ends with provocative views on "cui bono?”. ©2012 by Walter de Gruyter GmbH & Co. European Company and Financial Law Review De Gruyter 1/4(2004-12), 440-457 1613-2548 1:4<440 2004 1 ecfr https://doi.org/10.1515/ecfr.2004.1.4.440 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.1515/ecfr.2004.1.4.440 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Enriques Luca * Professor of Business Law, University of Bologna and ECGI Research Associate. E-mail address: luca.enriques@unibo.it NATIONALLICENCE 773 0- European Company and Financial Law Review De Gruyter 1/4(2004-12), 440-457 1613-2548 1:4<440 2004 1 ecfr CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter