Wednesday, 26 October 2016
Last updated 1 hour ago
Oct 26 2007 | 11:01am ET
Germany’s cabinet has approved a measure that would require hedge funds to make greater disclosures about takeover bids for public companies. Under the bill, hedge funds would have to offer details of their financing plans when bidding for a company. They would also have to explain their goals for a company if they want to buy a larger-than-10% stake.
The bill still needs approval of the German parliament, which is expected to come early next year.