EU Mulls Hostile-Takeover Defenses

European Commission may expand companies' ability to ward off takeovers.

The European Union may consider expanding options available to companies to block hostile takeovers as part of a review of legislation on corporate acquisitions.

The European Commission in Brussels is examining whether firms have too little power to use defensive measures such as share-transfer restrictions or multiple voting rights to prevent a hostile takeover, according to a letter from the regulator obtained by Bloomberg News.

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