Corporate Board Authority in Takeover Bids: A Comparative Analysis of the EU and US Approaches
Global Merger and Acquisition activity reached record levels in 2006, with the US and EU playing a large role in this activity. This paper examines the duties of a board which is subject to a takeover bid and any defensive moves the board may take to protect its company from acquisition. The US law in this field requires the boards to actively participate in any bid offers and grants these boards