Research Report, October 2011: ECMI conducted a research project on the market for corporate control commissioned by the European Institutions. The study was carried out for the European Commission together with the law firm Marccus Partners, part of the international audit and professional services firm Mazars. The object of this research was to study the application of Directive 2004/25/EC on takeover bids. It covered both an analysis of its implementation in the EU Member States and its application in the market for corporate control.