German investment banks slam takeover proposal

Thursday 3 May 2001 at 16:00

German investment banks and lawyers are frustrated at the latest intervention by the European Parliament to broaden the scope for &quotpoison pill&quot defence tactics available to companies in the EU that are subject to a takeover bid.

Poison pill tactics include defensive measures such as selling off assets or divestitures of subsidiaries, both of which are designed to make the target less attractive.