Cross border mergers were in the past consummated as takeovers or mergers of equals through public offers against cash or shares. But in the legal sense they were considered not admissible in Germany. However, since the implementation of the EU-directive on the European company (SE) cross border mergers have become legally available in Germany as an alternative. The author describes the traditional structures for cross border business combination and examines their future in practice. As alternative, the SE-merger and possible models to combine the advantages of the traditional structures and the SE are examined.
Print ISSN: 1613-2548
Volume: 4, 04/2007
Pages: 5 - 16