It抯 a core in the acquisition of listed company to protect the interest of shareholders, particularly of minority stockholders who are positioned inferior, of objective company, this is not only the start of law to regulate the acquisition of company, but the end of law to be enforceable fairly. In view of the above mentioned, this dissertation systemically analyses the practice of legislation and judicial cases concerning the protection of shareholders, particularly of the inferior minority stockholders of target company in the acquisition of company both in the Great Britain and American, these two countries take the shareholder-equally-treated principle of objective company as an essential principle which gives rise to several sub-principles, namely information disclosure, enforced offer, estoppe of interfering action (anti-acquisition active) and withdraw of promise. Meanwhile, on the bases of systematical analysis of Section Four, in respect of the acquisition listed company, of the æecurities Act of the Republic of China? the writer points out the shortcoming concerning the protection of the interest of minority stockholders of objective company. Finally, the writer puts forward that it be centered on co-ordination equality with efficiency in the protection of the interest of objective company抯 minority stockholders...
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