Subsection 2: Finding a buyer

The Social and Economic Committee is informed of formal takeover offers no later than eight days after receipt. The information communicated to it in this respect is deemed to be confidential under the conditions set out in article L. 2325-5. It may issue an opinion within the timeframes provided for in Article L. 1233-30, participate in the search for a buyer and make proposals.

If the social and economic committee wishes to participate in the search for a buyer, the employer shall give it access, at its request, to the information mentioned in 4° to 6° of article L. 1233-57-14.

The social and economic committee can call on the assistance of an expert of its choice, paid for by the company. The task of this expert is to analyse the process of finding a buyer, its methodology and scope, to assess the information made available to potential buyers, to study takeover offers and to provide assistance in the search for a buyer by the social and economic committee and in…

In companies with a central company social and economic committee, the establishment social and economic committees exercise the powers entrusted to the social and economic committee pursuant to Articles L. 1233-57-15 to L. 1233-57-17, L. 1233-57-19 and L. 1233-57-20, within the limits of the powers entrusted to the heads of these establishments.