Sun, Jul 08, 2001 - Page 11 News List

Europe steps backwards by axing takeover rules

MERGERS & ACQUISTIOUS Last week the European parliament struck down new regulations that would have made it easier for hostile takeover bids to occur

By David DeRosa  /  BLOOMBERG , NEW CANAAN, CONNECTICUT

What is really going on here is that the Italians, the Germans and others don't want France, or any other country, going after their favorite local companies. And that is bad news for Europe.

David DeRosa, president of DeRosa Research & Trading, is also an adjunct finance professor at Yale School of Management and is author of In Defense of Free Capital Markets. The opinions expressed are his own.

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