8. Directive No. 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids - European Air Law (Update) View the chapter 8. Directive No. 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids by - European Air Law (Update) 8. Directive No. 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids