Monday September 22 2014

News Source: Global Disclosures

Focus: Takeover and Acquisition

Type: General

Country: Denmark




The Danish Financial Supervision Authority has published a guidance document (only in Danish currently) on the takeover rules in Denmark.

The guide contains a detailed description of the key provisions of the offer rules, including:

  • When and how to make a takeover offer
  • The mandatory bid rules (including definition of controlling interest and examples, exemptions from the rules)
  • Concerted action
  • Equal treatment of shareholders
  • What an offer document and bid announcement must contain
  • The obligations of the offeree company, when making a bid
  • Offer price
  • The offeror’s shareholding
  • Publication of offer documents

Click on the above link for the guidance (in Danish).