Oferta publică de preluare obligatorie

Rezumat

A strong economy always boasts a strong stock market. The purpose of this article is to raise awareness towards the importance of capital markets, by referring to the obligations arising for a shareholder when taking over a listed company, with a particular focus on the mandatory bid rule. The mandatory bid rule is being discussed both in the light of Directive 2004/25/EC and of Romanian Law 297/2004 on capital markets, analyzing its application, the notion of control it implies, its deterrent effect upon investors, in an incentive to evaluate its (in)efficiency. This article should be a first step in promoting this underrated subject into a circle of intense legal debate.