上市公司反收购策略法律规制分析-法律专业论文.docxVIP

T T h e la w a n d re g u la tio n re s e a re h o f llste d c o m P a n le s a n tl一ta k e o \，e r P o l一e 卜 d e v e lo P m e n t o f th e f in a l su c e e s s o r f a ilu re o f th e ta k e o v e r P la n a n d v ita l. D e e is lo n m a k e rs a n d a c q u ire r s ，th e ta rg e t e o m P a n y . o th e r sh a re h o ld e r ，5 b e n e f it a n d w in 一w in s itu a tio n 15 d if fi c u lt P o in t. A e c o rd in g to th e n a tio n a l e o m P a n y a c q u isitio n s a n d th e v alid ity o f th e leg islativ e P raetic e，the listed co m P an ie s in the legislatio n o f a n ti一ta k e o v e r b e h a v io r 15 th e c o re st ra te g y f o r th e a e q u ir e r a s c ri P tio n P ro b le m . A ltho u gh the eo m P an y m an a g em en t d ecisio n m o d el h a s great ad v an tag e，b u t b e e a u se o f t h e e o r re sP o n d in g d ire c to r d u ty 15 still n o t P e rf e c t，5 0 th e le g is la tio n in C h in a 15 n o t su ita b le f o r t h e m a n a g e m e n t o f th e c o m P a n y d e c id e d to a d o P t th e a c q u ire r sh a ll m o d e ，a n d t h e ta rg e t c o m P a n y sh a re h o ld e r P o w e r e n d o w e d . T h e t hir d c h a p te r w a s m a in c o n te n t 15 t h e le g a l v a lid ity o f liste d c o m P a n ie s . O n t he c h o ie e o f a n ti一ta k e o v e r st ra te g y d e te rm in e b e lo n g in g to P re v e n t d ecision 一m ak ers sele ct an ti一tak eo v er strategie s for th eir o w n in terests to en d an g er co m P an y an d the law ful righ ts an d in terests o f sm all an d m ed ium sh areh o ld ers.T h e g o a l sh o u ld b e to sh a re h o ld e rs ， d ir e c to r s in c o m P a n y a e q u isitio n s a n d th e o b lig a tio n s o f th e g a m e P ro e e s s b e t w e e n t h e v a lid ity a r e c le a rl y . A c c o rd in g to