On 31 December 2018, CMVM analyzes takeover bids regime for OECD study. OECD published a report Flexibility and proportionality in corporate governance  which includes a contribution by CMVM on the Portuguese takeover bids regime.Focuses on operations carried out after the transposition of Directive 2004/25/EC.Seeks to show adaptability of current regime to different realities of companies.

On 28 December 2018, SEBI issued third amendment to the regulations, changing wording and adding in explanation, effective from publication in official gazette.

On 12 December 2018, the offer period for Dining Concepts Holdings Limited (StockCode: 8056) and Target Insurance (Holdings) Limited (Stock Code: 6161) were closed.

On 7 December 2018, NLD EA issued bill on cooling-off in hostile takeovers. Bill to allow board of a Dutch listed company to invoke 250 day cooling off period.BackgroundFollows political debate over several hostile takeover attempts, e.g. Akzo-Nobel.Government response was published in letter dated May. 20, 2017, with 4 options.Shareholders may pressure management to change strategy,…

On 4 December 2018, a new offer period has commenced for Rivera (Holdings) Limited (Stock Code: 281).

On 23 November 2018, the SFC updated its takeovers table to reflect a new commencement period for Tourism International Holdings Limited (Stock Code: 1626).