论文部分内容阅读
近年来,随着资本市场的发展,无论是国内企业并购还是跨国公司并购都愈演愈烈。对于双方合意的并购自无多言必要,但是对于恶意并购,随之而来的必然是一场硝烟弥漫的保卫战——并购防卫。各国对并购及其并购防卫策的规定均有不同。本文对日本关于并购防卫策的几个原则做了介绍和解读,以期对中国反并购的理论及实践有所借鉴。
In recent years, with the development of the capital market, mergers and acquisitions by both domestic enterprises and multinational corporations have intensified. There is no need to say anything about the desired mergers and acquisitions between the two sides, but a vicious battle for defensive mergers and acquisitions must follow. Different countries have different requirements on mergers and acquisitions and their M & A defense policies. This article introduces and interprets Japan’s several principles on M & A defense strategy in order to draw lessons from China’s anti-M & A theory and practice.