A two-year battle to secure equal treatment for all shareholders in bid battles in Sweden is drawing to a close with the Swedish stock exchange expected to outline new takeover rules this week. The exchange, operated by Nasdaq OMX, is expected to adopt rules preventing bidders paying more for shares with preferential voting rights in target companies. This follows a campaign for equal treatment of all shares in takeover situations that give investors the same rights to assets and dividends and the same risk, even if one class of share has multiple voting rights.

This entry was posted by Gwen Robinson on Monday, August 24th, 2009 at 4:54 and is filed under Capital markets, M&A. Tagged with Nasdaq OMX. Edit this entry.