Is Article 15 of the Third Council Directive 78/855/ECC of 9 October 1978 based on Article 54(3)(g) of the Treaty concernin
g mergers of public limited liability companies to be interpreted as meaning
that the issuer is entitled, as against holders of securities, other than shares, to which special rights are attached, particularly in the case of subordinated loans, to terminate the legal relationship
and to pay off the persons entitled in the cas ...[+++]e of a cross-border merger?
Convient-il d’interpréter l’article 15 de la directive 78/855 en ce sens que, en cas de fusion transfrontalière, l’émetteur est en droit, vis-à-vis des porteurs de titres, autres que des actions, auxquels sont attachés des droits spéciaux, en particulier d’obligations subordonnées, de mettre fin à la relation juridique et de désintéresser les porteurs?