Monti unveils merger reform proposals based on US model
COMPETITION Commissioner Mario Monti unveiled his long-awaited merger reform proposals yesterday (11 December), which will result in the EU using similar criteria to the US when it considers whether to approve take-over bids in future.
Appeared in print on 12.12.2002
The plans, which must be backed unanimously by governments before they can become law, will clarify the way Commission officials analyse mergers. Its methods had been questioned following a string of controversial decisions which culminated this year in three of its rulings being overturned by the European Court of First Instance.