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Expert Analysis

Can EU States Do Whatever They Want To Foreign Takeovers?

Law360, New York (September 10, 2014, 11:02 AM EDT) -- EU Competition Commissioner Joaquin Almunia recently cited the French initiatives to block the GE-Alstom deal as an example of "worrying signals of protectionist threats" in Europe.[1] France is not, however, to be singled out. EU member states have sought to protect their national champions for decades, relying, among others, on an EU merger provision that allows member states to take measures to protect their legitimate interests....

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