Suez's strategy to counter Veolia's takeover bid "
undermines
" several "
guiding principles
", including the obligation of transparency and market integrity and fairness in transactions, the Autorité des marchés financiers said on Friday. (AMF).
Read also: Suez and Veolia still at loggerheads
“
The search for a negotiated solution between the parties is quite legitimate but it must respect the principles of transparency and integrity of the market, loyalty in transactions and competition, as well as the free play of offers and their bidding,
”said the AMF in a press release.
