The Protection Of Minority Shareholders In M&A

Nowadays, the stock rights are highly scattered, the company purchased havebeen the general ways to realized the large-scale production, promoting therearrangement of assets, optimizing the resource distribution. The company purchasesbecomes the focus that people pay close attention to, because the company purchasesis the course of the chess match between purchaser, operator of targeted company, theshareholder of targeted company even social masses' interests each time, and theessence of the legal structure of various countries is looking for equalization point ofinterests in many ways to whom play chess in the company purchased. In practice,they are the purcharer, big shareholder or operator of the targeted company whoeverplayed protagonist on the stage in the company purchases, the minority stock holderof the targeted company often becomes the greatest victim because of their ownlimitation. So Company law and Securities Law of most countries take strictregulation on the company purchased, which consider the protection of minoritystock holder's interests as the core, but because China's securities market is unripe andthe legal system is not perfect, the interests of minority stock holder of targetedcompany is in serious encroached situation and the minority stock holder is alwaysin the weak status allowing oneself to be trampled upon. Because of this, I proceedfrom concept, characteristic, function of the company purchases, have analyzed andsloped to the necessity of protecting the minority stock holder of targeted company,Enumerate out the main situations of minority stock holder that encroach on. Inaddition, I slope to the legal principle for basis protecting to minority stock holder,and then I probe into the legal systen to protect the minority stock holder, whichexpect to offer certain reference to the perfection of the legal system of the companypurchased and judicial practice and do my meager strength For further to rule by law,getting healthy, modernization .