要約收購 的英文怎麼說
中文拼音 [yāoyāoshōugòu]
要約收購
英文
tender offer-
Legally, tender offer is the transaction of stock shares between offerors and the shareholders of target corporation, but which enshrouds the fact that major shareholders manipulate the deal. however, minor shareholders always find themselves in an unequal and disadvantageous position
要約收購雖然在法律關繫上表現為收購者與目標公司的股東雙方當事人所進行的股票交易行為，但在這種形式的背後則掩蓋著大股東操縱交易的事實。Therefore, we should perfect the relative laws and regulations on tender offer, strengthen the protection to minor shareholders and equipoise the rights and obligations of all interested parties in tender offer and anti - takeover, so that the principles of " equity, fairness and openness " and " honesty and credit " are kept to effectively and economic and social benefits are aggrandized
特別是少數股東（中小股東）的利益在要約收購與反收購中處于極不確定的高風險的境地。因此，我們必須完善對公司要約收購的立法，強化對少數股東利益的保護，合理地平衡公司要約收購與反收購中各方的利益沖突，實現良好的經濟和社會效益。Takeover offer for listed companies is the universal way to take over listed companies in modern company ' s system. in the process of taking over the listing company, minor shareholders are always in the inferior status. protection of minor shareholders " rights is an important value objective of system of takeover. how to standardize takeover offer for listed companies for protecting of minor shareholders benefit is the problem that legislation will solve and that should also be paid attention to on judicial practice. relatively typical type of takeover by offer appeared in capital market, the protection of minor shareholders ’ interests in the target company has become the purpose of legislation and added some protected measure of minor shareholders ’ interests, but the expected goal has not been achieved completely. so it is necessary to establish a perfect system to protest minor shareholders ’ interests in the target company. so we should learn more from precedent experience of legislation and perfect the relative laws and regulations on tender offer, strengthen the protection to minor shareholders, equipoise the rights and obligation of all interested parties in tender offer
中小股東合法利益的保護是要約收購制度的重要價值目標。如何規范上市公司要約收購，保護目標公司全體股東特別是中小股東的利益，既是立法要解決的問題也是司法實務中應當關注的問題。我國的資本市場上出現了較典型的要約收購方式，立法也以目標公司中小股東利益的保護為主要價值取向，創設了一些中小股東利益的保護措施，但從其運作效果來看，在要約收購中目標公司中小股東的利益仍未得到有效的保護。Therefore, in order to enhance the regulation of the offeror and the management of target company, to protect the benefits of the shareholders of target company, and to maintain the standard of the security exchange system, not only should the legislative establish the two basic principles of information transparency and equal trea tment of target company ' s shareholders, but also establish the supplementary principles of the protection of middle and small shareholders " benefits, of the forbiddance of underground transaction, of caution offer, and of anti - offer abuse
因此，除充分披露和目標公司股東平等待遇兩項基本原則外，筆者認為，要約收購還應受保護中小股東利益、要約謹慎、禁止內幕交易及阻撓不得濫用原則的規制，以加強對收購者和目標公司管理部門的規范，保護目標公司股東的利益，維護證券市場的正常秩序。英美兩國在要約收購規制方面的規范較為完善，也做得比較成功，並具有一定的代表性。Article 92 where a person acquires the shares of a company through a takeover offer or takeover agreement and closes down the company so taken over, it is a case of merger, and the purchaser shall have the existing shares of the closed - down company replaced according to law
第九十二條通過要約收購或者協議收購方式取得被收購公司股票並將該公司撤銷的，屬于公司合併，被撤銷公司的原有股票，由收購人依法更換。Thirdly, we have introduced the discussions on the existence of compulsory offer acquisition. we hold that in evaluating whether it is reasonable to establish the compulsory acquisition system and whether the compulsory offer acquisition system is effective, following objective conditions should be taken into consideration : 1. the legislation background of formulating the system ; and 2
但是評價是否應當建立強制要約收購制度，以及強制要約收購制度是否合理有效，應該結合立法時的客觀情況進行客觀分析，這些客觀情況應當包括以下內容：制定該項制度當時的立法背景，即在制定收購制度時，收購市場秩序是否健康，中小投資者的利益在收購過程中是否得到切實的保護Acquisition of a listing company prefers to such a process : in order to acquire or hold the control of a listing company, the acquirer, a person or a corporation, buys enough equity securities ( public or private ) of the target company through tender offers or through agreements with some shareholders under the permission of law. in china, the legitimate forms of acquisition can be through tender offers or through private agreements
上市公司收購是指收購人（包括自然人與法人）為了獲得對目標公司（上市公司）的控制權，通過向目標公司全體有表決權股東發出公開收購（買入）要約的方式，或在法律許可范圍內與部分有表決權股東簽訂收購（買入）協議的方式，一般以高於市價的代價，獲取足夠的該公司發行在外的有表決權股票（含可上市流通與不可上市流通）的行為，其在我國的法定形式包括要約收購與協議收購兩種。Presently it is still arguable whether tender offer has benefited the offeror, target corporate and even the whole economy
至於要約收購是否對收購者、目標公司乃至整個經濟有利，目前仍是一個有爭議的問題。Tender offer is a main form of listed company acquisition
要約收購則是上市公司收購的重要形式。Spca ? mainstream in era of reform of non - tradable shares
要約收購：中國后股權分置時代的並購主流？Part 1 is the summary of the system of “ mandatory takeover bids ” ( or
第一部分，是對強制要約收購制度的概述。Case analysis : nearly purchase
成商集團要約收購案Firstly, we have introduced the concept and characteristics of offer acquisition
首先闡述了要約收購的概念利特點。China has been adopting the system in its securities laws so far
我國迄今為止的證券立法中，均采納了強制要約收購制度。Article 78. a listed company may be purchased by offer or by agreement
第七十八條上市公司收購可以採取要約收購或者協議收購的方式。Article 78 a listed company may be taken over by offer or by agreement
第七十八條上市公司收購可以採取要約收購或者協議收購的方式。Secondly, we have introduced the content and characteristics of compulsory offer acquisition system
其次，闡述了強制要約收購制度的內容和特點。This system gives not only the directive function to takeover bid of listed company, but also the rule in purchase
然而，強硬的強制要約收購制度可能抑制上市公司收購行為的發生。When referred to the manners of take - over, both have it ' s differently important aspect the main matter of the former is mat transaction of holding power will influence others " benefit, so we must normalize two parties " deed of transaction and improve independent board member system, for regulating tender offer, we must keep message open and equal treatment among shareholders, then we can improve system of part and compulsive tender offer
協議收購的主要問題在於控股權的轉讓行為會影響各相關主體的利益，應著重規范控股權轉讓方與受讓方的行為，並健全完善獨立董事制度；要約收購則應在確保信息公開與股東平等待遇的前提下，完善部分要約收購與強制要約收購制度。Poison pill is known by the public after sina set up poison pill as defense tactic against shengda purchasing its stocks by tender offer, but in home there is no systemic study of poison pill
自盛大要約收購新浪股票，新浪設置「毒丸」作為反收購措施以來。 「毒丸」開始為人們所熟悉，但在國內尚無對「毒丸」的系統研究。分享友人