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10 July 2026

Public Takeover Offers and Separate Disclosure Obligations for the Target Company

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10 July 2026

Public Takeover Offers and Separate Disclosure Obligations for the Target Company

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When an offeror announces a public takeover offer, an important question arises: does the target company have a separate disclosure obligation under the Market Abuse Regulation?

The answer depends on the interaction between MAR, the Danish takeover regime and the target board’s own role in the process.

In this newsletter, Partner Dan Moalem and Associates Gurjot Singh and Lasse Funder Berg examine the legal framework and the practical considerations for target companies and their boards when responding to a public takeover offer.

Dan Moalem

Chairman, Partner

+45 30 37 96 10

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Gurjot Singh

Associate

+45 30 37 96 06

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Lasse Funder Berg

Associate

+45 31 43 86 32

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