What does the EU takeover directive aim to ensure?

The EU takeover directive primarily focuses on ensuring equal treatment for shareholders during takeovers. This means that all shareholders should be treated fairly and given the same opportunity to benefit from the offer being made for the company. The directive aims to provide a transparent and equitable process for all parties involved, ensuring that no shareholder is disadvantaged or left out. This includes provisions that require bidders to communicate all relevant information to shareholders so they can make informed decisions.

The directive's emphasis on shareholder protection is crucial, especially during takeover bids where the potential for unequal treatment might arise. By mandating that all shareholders receive the same offer and are informed adequately, the directive seeks to promote confidence in the investment market and fairness in corporate governance. This is foundational in maintaining investor trust and protecting minority shareholders from possible exploitation during such transactions.

Other options, while important in their own contexts, do not encapsulate the primary aim of the directive as clearly as the equal treatment for shareholders does.