EU의 공개매수 규율에 관한 법리

The EU's 2004/25/EC Directive has served as the basis for basic discipline in the tender purchase of listed companies in the European Union. The purpose of this directive is to first enhance legal stability in Tender-related acts and transparency and transparency in the EU as a whole. Second, to protect shareholders (especially minority shareholders), workers, and other stakeholders through transparency and information rights, Third, strengthening the freedom to trade and exercise voting rights on company securities, promoting tender purchases through prohibition of activities that hinder tender purchases, and fourth, strengthening the single market by free capital movement throughout the EU. The main contents of the guidelines include Article 5's mandatory tender purchase rules, Article 9's board neutrality rules, and Article 11's defense reversal rules, and Article 5 applies to all member states, but the application of Articles 9 and 11 can be excluded at the option of the member states. It is also necessary to refer to the laws of major European Union member states centering on EU guidelines for the introduction of mandatory tender purchases, new stock options, and differential voting stocks that are continuously discussed in Korea.