A Study On The Legal System Of Take-over Of Listed Company

In our country, with the development of socialist market economy, Take-over of listed company have become a hot spot . how to put take-over into a positive rail for improving availability of utilizing of resourses is a important issue in legal realm ,.This thesis makes a comparative and pragmatic study on the theories and practices of current take-over , the dissertation probed into the basic theories^ manners and prospect of take-over.The author puts forward some opinions, protecting minority sharehold is the goal of valuation of take-over's legislation, that is relied on the present situation of legal surroundings, we must go by it when we regulate privately negotiation transactions and tender offer. When referred to the manners of take-over, both have it's differently important aspect The main matter of the former is mat transaction of holding power will influence others' benefit, so we must normalize two parties' deed of transaction and improveindependent board member system, For regulating tender offer, we must keep message open and equal treatment amongshareholders ,then we can improve system of part and compulsivetender offer. Tender offer have priority and necessity, it mustbecome the future choice of take-over, former factor calls forestablishing reasonable anti-takeover, so we can establish integrated legal system of take-over of listed company.