DENMARK: Guidance on Denmark takeovers published

Monday September 22 2014

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).