It would apparently prevent companies with less than 25% of their shares in free float from making a cash-and-stock bid for a company domiciled in Luxembourg.
FORBES: Arcelor's Dolle Reiterates Shareholder Opposition To Mittal
But they cannot surrender their peg until the country's banks are fit enough to live with a currency free to float and capital free to flee.
ECONOMIST: A $45 billion shot in the arm | The
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