New EU rules 'could affect compulsory takeovers'

New EU takeover rules could have a significant impact on the operation of compulsory takeovers in the Irish market, according to solicitors McCann FitzGerald.

David Byers from McCann FitzGerald said the European Takeovers Directive introduced in May has resulted in some major changes to the Irish takeover regime, particularly in relation to the operation of the "squeeze-out" compulsory acquisition procedure and the involvement of employees in takeover bids.