@inbook{1837f31905124ac6823d61ec6da3265e,
title = "Cross-border mergers and cross-border takeovers compared",
abstract = "The EU rules on cross-border mergers provide a legal framework for the aggregation of firms across the borders of EU Member States (Directive (EU) 2017/1132). These rules are not alone in pursuing this aim, as the takeover bid directive (Directive 2004/25/EC) also contributes to fostering cross-border combinations of European firms. While grounded on comparable regulatory aims, the two set of rules display remarkable differences. These are only in part a direct consequence of the fact that, in cross-border mergers, previously separate companies become a single legal entity, while this is not the case with cross-border takeovers. This chapter offers a comparative analysis of some of these differences and explores their rationale and their consequences on investor protection. The analysis includes the board{\textquoteright}s role, shareholder information and collective decision-making, as well as shareholder exit rights.",
author = "M. Gargantini",
year = "2019",
doi = "10.1007/978-3-030-22753-1_7",
language = "English",
isbn = "978-3-030-22752-4",
series = "Studies in European economic law and regulation",
publisher = "Springer Nature",
pages = "131--158",
editor = "Thomas Papadopoulos",
booktitle = "Cross-border mergers",
}