E.U. Moves To Tighten M&A Rules

Law360, New York (March 13, 2007, 12:00 AM EDT) -- The European Commission on Tuesday voted preliminarily to tighten the guidelines for member state regulators reviewing cross-border bank mergers and acquisitions.

The new directive would introduce a closed list of criteria that regulators should use to assess an acquiring company, according to the E.C. The standards would include the company’s reputation, the experience of the person who would run the merged firm, the acquirer’s financial soundness and the risk of money laundering or terrorism financing.

Currently, the regulators are allowed to block proposed deals based on...
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