Facilitating mergers and takeovers by EU issuers is essential, particularly under the CMU flagship initiative that aims to make cross-border investment easier and help EU companies to grow. This Delegated Act lays down harmonized minimum information content for exemption documents to be published in case of takeovers, mergers or divisions. They contain information on the transaction and its impact on the issuer, and are lighter than a prospectus or documents required under Prospectus Regulation.