A column about making a bid in “Parkiet”

Paweł Kawarski        15 May 2015        Comments (5)

The daily “Parkiet” of 9 May 2015 published my column on the proper moment of launching a bid titled “When a bid should be made”. Although this column does not directly discuss employee shareholding, it may be also interesting for employees being shareholders of public companies (their employers or others companies).

Directive 2004/25/EC on takeover bids makes a distinction between two actions: launching a bid and making public a document containing information about the bid, a few days after the launch (Art. 6.1 and Art. 6.2, respectively).

The Polish Public Offer Act consolidates these actions – making public the bid document (Art. 77.1). I call for an amendment to the Polish Act in order to adapt the Directive’s model. It is in the interest of all market participants, including employee-shareholders, that they learn about the bid as soon as possible.

{ 5 comments… read them below or add one }

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