ABSTRACT
The rules governing public takeover bids as set forth in the Takeovers Act and Chapter 13, section 8 of the Securities Market Act apply only to takeover bids regarding shares in companies whose shares are admitted to trading on a regulated market in Sweden. Also, the Takeovers Directive does not cover takeover bids outside the regulated markets. Only Nasdaq Stockholm AB and NGM are obliged to have in place rules regarding takeover bids on their regulated markets. For this purpose, the exchanges have adopted the Takeover Code.
