Finally, an astute bidder will always analyze the target firm's bylaws (often easily accessible through a firm's website) for provisions potentiallyadding to the cost of a takeover. Such provisions could include a staggered board, the inability to remove directors without cause, or super-major...
Takeovermeans atakeover bid(as that term is defined insection 9of theCorporations Act 2001(Cth)) or a similar bid underthe lawsof aforeign jurisdictionoutside of Australia. Sample 1Sample 2Sample 3 Takeoveror “interested stockholder” law or any similarprovisions of theCamberArticles of Incor...
In addition, we find that the invocation of the takeovers provisions of the Corporations Act has a positive effect on the gain to public firm shareholders by enhancing their bargaining power when negotiating the deal with the private firm.
Note: Acquirers must often initiate litigation to enforce shareholder proxy right provisions. As previously discussed, these provisions effectively strengthen shareholder access to proxy material. It allows the acquirer to provide shareholders with the option of approving the acquirers objectives. Example: ...
摘要: Many firms deploy takeover defenses at the time of their IPOs, although at significantly lower rates than for seasoned corporations. We find that IPO managers d关键词: initial public offerings antitakeover provisions dual class shares acquisitions ...
来自 EBSCO 喜欢 0 阅读量: 13 摘要: Reports that the Great Britain-based City Panel on Takeovers and Mergers has revised its rules on changes in corporate directors' service contracts as of November 1982. Provisions of the proposed amendments to the rules. 年份: 1982 ...
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NEW YORK UNIVERSITY SCHOOL OF LAW NYU Center for Law, Economics and Organization The Law and Finance of Anti-Takeover Statutes Emiliano Catan and Marcel Kahan October 2014 LAW & ECONOMICS RESEARCH PAPER SERIES WORKING PAPER NO. 14-30 The Law and Finance of Anti-Takeover Statutes Law Working ...
Consolidation and merger of corporationsThis paper's empirical results indicate that the average effect of antitakeover provisions on subsequent longterm investment is negative. The interpretation of these results depends on whether one thinks that there was too much, too little, or just the ...
Virginia's recently enacted antitakeover statute, the "Affiliated Transactions" provision of the Virginia Stock Corporation Act, raises serious constitutional and economic questions. Although the form of the statute appears to regulate the internal affairs of Virginia corporations, the substance and ...