Tender Offers from a Bidder’s Point of View

Tender offer activities have increased substantially in Switzerland in recent years, and more and more hostile takeover bids and competing offers are launched. Although Swiss takeover regulations follow the principles generally known in the EU, the Swiss regulator is not bound by the EU directive on takeover bids as Switzerland is not a member of the EU. This Newsletter highlights some particularities of Swiss takeover regulations from a bidder’s point of view.