EU chooses "Realpolitik" in shaping takeover code

Newswire

By Lisa Jucca BRUSSELS, June 27 (Reuters) - A new EU takeover code aimed at boosting cross-border corporate activity will fall short of removing all barriers to mergers, but should withstand the test of EU states and parliament, the document showed on Thursday. Fearing a humiliating repeat of last year's German-led defeat of a previous takeover code, the European Commission is shying away from any radical ideas and introducing only what it deems "the most realistic approach at the ...

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