公司对抗性反收购策略的法律问题研究

A Study of the Legal Issues of the Confronting Anti-acquisition Strategies of the Company

公司的反收购行为是公司收购立法应予规制的一个重要方面。当目标公司面临可能会损害其长远利益的敌意收购时,其经营者有权利也有义务采取反收购措施。鉴于我国收购立法的滞后和公司反收购的运作缺乏有效的规范和引导,在新形势下通过总结、评述国外研究成果,从法律角度分析这些反收购策略在我国现行法的可行性就显得尤为必要。

The anti-acquisition behavior of the company is an important aspect that the legislation on company acquisition should encompass. When the target company faces hostile purchase that may injure its longterm interests, its executive has rights and duties to take the anti-acquisition measures. Because Chinese legislation on acquisition falls behind and the company lacks the valid norm and conducting on the operation of the anti-acquisition, it is particularly necessary to summarize the foreign research results of these issues and legally analyze the feasibility of the practice of these anti-acquisition strategies in China under the new situation.