The integration within the European Union is responsible for the cross-border character of many of the mergers and acquisitions with the result of a clash between concepts of what a company is about and what is the role of its management vis-à-vis a hostile predator. The failure of the 13th directive on takeover bids couldn't mask the convergence of the material contents of national regulation relating to public offers on stock exchange matters, EU norm-setting could bring moderation to integrate social concerns into a market logic to avoid a conflict between the anglo-saxon approach and the rhineland model.
DE BEAUFORT, V. (2001). OPA : la notion d'intérêt social doit s'affirmer. L'Option de confrontations, pp. 99-104.