EU to try again on rules for takeover bids

EU diplomats are to discuss a Portuguese compromise proposal for takeover bids in Europe on Monday in a last minute effort to save European Commission plans to boost cross-border activity.

A working group has been asked to clarify the legal and technical details of the Portuguese compromise which would allow member states and companies to opt out of two controversial clauses that would ban companies using certain defensive measures.

WSJ Logo
JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions