上市公司收购与反收购的规则变迁

上市公司收购与反收购的规则,伴随收购价值理念的认知与收购类型的变化,处于变迁发展之中。我国公司收购立法秉承披露理念与公平保护精神,将要约收购规则从强制性全面要约改变为自愿部分性要约、重新定位了协议收购的规则、引入了间接收购规则、补充了反收购规则,从而更好地完善了企业资源的效率化配置与各方利益群体的公平保护。

The Changing Rule of Merger and Anti-takeover of Listed Companies

The rules of merger and anti-takeover of listed companies,associated with the cognition of acquisition value and the types of mergers,are changing and developing issues. China acquisition legislation which offer a change from the mandatory general offer to the voluntary part offer,redefine the rules of the acquisition agreement,introduce indirect acquisition of rules,supplement anti-takeover rules,uphold the concept of disclosure and the spirit of fairness treatment,thus improve the efficiency of enterprise...