The Law and Economics of Takeovers : An Acquirer's Perspective


Athanasios. Kouloridas
Bok Engelsk 2008 · Electronic books.
Utgitt
Oxford : : Hart Publishing Limited, , 2008.
Omfang
1 online resource (338 p.)
Opplysninger
Description based upon print version of record.. - Prelims; Foreword; Acknowledgements; Table of Contents; List of Figures and Tables; Table of Cases; Table of Statutes and Statutory Instruments; Table of Rules of the Takeover Code; Table of FSA Rules; 1 Introduction; I The Paradox of Corporate Aquisitions and the Need to Shift Attention to Aquirers; II Scope and Structure of the Thesis; I Introduction; II Agency Risk; III Financial Risk; IV Business Risk; V Conclusion; I Introduction; II The Functions of the Capital Market; III The Market for Managerial Services; IV The Market of Corporate Control; V Conclusion Regulatory Enhancements. - 4 Legal and Regulatory Review of the TransactionI Fiduciary Duties; II Shareholders Suits and Limitations of Ex Post Judicial Review; III Due Diligence and the Duty of Care and Skill; IV Information Provision in the Context of Takeovers, and the Aquiring Directors' Liabilites; V Ex Ante Judicial Review - The Case of Court Schemes; VI Conclusion; I Introduction; II Authorisation Rights; III Pre-emptive Rights; IV Approval Rights and Listing Rules; V The Role of Institutional Shareholders and Shareholders' Activism; VI Reward Strategies, Directors' Remuneration, and Share Incentive Schemes. - IV Should Regulation Deviate from Equality Goal in Specified cases?- Addressing the Concerns of the Bidder and its ShareholdersV Conclusion; I Introduction; II Withdrawal After a Possible Offer Announcement; III Withdrawal After the Firm Announcement and Prior to the Posting of the Offer; IV Withdrawal After the Posting of the Offer; V Alternative Get Outs; VI Conclusion; 10 Conclusion; I Managerial Decisions in Takeovers and the Aquiring Shareholders' Protection; II Regulatory Intervention- the Aquiring Shareholders' Interests; Bibliography; Index. - VII ConclusionI Introduction; II Auction Costs; III Prohibiting Auctions; IV Bidder's Protective Mechanisms; V Hostile Takeovers; VI 'White Knights' and MBOs; VII Conclusion; I Introduction; II Securing the Support of the Target's Board; III Securing the Support of Major Shareholders; IV Conclusion; 8 Regulatory Risk: Equality Rules and Transaction Costs; I Introduction; II The Takeover Code's Equal Treatment Rules; III Should Regulation Promote Equality in the Context of a Takeover?- The Aquirer's Perspective. - This book studies takeovers from the acquirer's perspective. More precisely the book focuses on the legal and regulatory treatment of the risks faced by the acquiring company shareholders in takeovers. The identified risks are categorised into two main groups: first, risks generated by managerial choices and second, regulatory or external risks. The analysis considers the legal context but also draws on the economic literature, seeking to map the area under consideration and to suggest measures to improve the present position from both a law and economics perspective. More specifically, the bo
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Dewey
ISBN
9781841136646

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