西方企业反收购的经验和启示

The anti-merger & acquisition of western companies:empirical evidences and implications

西方企业的反收购措施的部署大致可分为两类:预防性和主动性的。预防性的措施是为了减少财务上成功的敌意收购的可能性,而主动性的措施在敌意报价后采取。我国企业的反收购尚处于起步阶段,反收购体系不完善,我们可以借鉴西方企业成熟的反收购策略,进行一定程度的变异,移植到我国特有的国情中。

With Chinese reform and opening up deeply, foreign-capitalized companies merged Chinese companies usually, It is of great significance to discuss anti-merger ＆ acquisition at present. To some degree, the western antl-merger ＆ acquisition is nearly perfect, then Chinese companies can learn much and transplant it to China.