Research On Protecting The Minority Shareholders Of Target Company In The Acquisition Of Listed Companies

It is generally believed that Takeover and Acquisition is a security exchange conduct, the Acquiring Party aims at obtaining the substantial controlling rights of the target company so as to realize the adjustment of industrial structure and perfection of its resources. On the other hand, it is of vital importance to protect the shareholders'and the vast investors'interests so as to realize the unity of efficiency and fairness. During the purchasing profess of listed corporations,the conflict of different shareholders will inevitably arise such as the Acquiring Party,the dominant shareholders of the target corporation,the directors,and the minority shareholders. Laws and rules concerning regulating Acquisition of listed corporations in many countries have laid of focus on how to balance such conflicts especially how to protect the legitimate rights of minority shareholders.