Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-12-15-Speech-1-071"

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"en.20031215.7.1-071"2
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"Mr President, the proposal for a directive that is currently before us is a much–watered-down version of what Parliament undermined eighteen months ago, unfortunately only by one vote. The current proposal leaves a great deal of scope for Member States and companies themselves, such as a company's optional, or even temporary, permission to take defensive mechanisms when it is faced with what it views as a hostile takeover bid. The question can therefore be posed whether takeovers are still to be possible at European level and whether this directive will, in practice, make any actual change to the current situation. Nevertheless, I think that we should approve this proposal, even if it were to finally end the discussion in the European Union about takeover bids – which has been going on for thirteen years now – and set up a first, albeit hesitant, regulation. According to a Flemish saying, a bird in the hand is worth two in the bush. The takeover directive is indeed an important component of the Lisbon agenda on a strong, competitive European Union and is essential to the further completion of the European internal market. We should therefore ensure that this directive enters into force as soon as possible, so that we, along with the market operators, can immediately learn whether, and how, we can give this regulation more depth."@en1

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