论上市公司反收购措施中的法律规制

The legal Regulation of the Counter-acquisition Measures by the Listed Corporation

随着我国经济的不断发展,上市公司收购变得越来越活跃,与之相对的,就是目标公司的反收购。目标公司管理层为维持自己对公司的控制权,往往会采取反收购行为防止或挫败收购。这将不可避免地导致目标公司内部权力结构的重新配置和各方利益的冲突与再分配,由此引出一系列的法律问题。本文仅就目标公司反收购措施规制的法律问题做一探讨,为我国的立法提出相关的建议。

With the development of our market economy,the acquisition of the listed corporations becomes more and more popular,and the antithesis of it is the counter-acquisition by the target corporation.In order to maintain control over the target corporation,the management will always adopt counter-measures to prevent or frustrate the oncoming takeover.In trun,these measures will inevitably give rise to the restructuring of the power distribution in the target corporation as well as the conflict and reassignment of the interests of all parties concerned.By exploring the legal issues relevant to the regulation of the counter-acquisition measures,this thesis provides some suggestions on the legislation of legal regulation in this regard.