It looks as though the German government and the European Commission are headed to court to determine the legality of a law providing the state of Lower Saxony overriding authority to prevent a takeover of Volkswagen AG. The Commission contends the law, dubbed the Golden Share law, violates the competition rules set forth during the formation of the European Union. The Commission is seeking to revise European state laws to mirror U.S. security laws, which provide for unsolicited bids to ...

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