Nanganggufen Tender Offer Case Studies

Tender offer is an important style of listed company purchase, which is used widely in western countries. Tender offer is just begin in our country. Jun. 2003, thefirst case of tender offer in our country—the tender offer of Nanjing Iron&SteelCo., Ltd emerged. Then, tender offer is paid attention by all societies. Although there is not too much tender offer cases in our country by now, tender offer will be the main style of listed company purchase in our country following the perfect of listed company purchase law. Under this background, researching the problems of tender offer has both theoretical and practical value.This text regards tender offer as the central issue studied, regarding the tender offer case of Nanjing Iron&steel Co., Ltd as the main research object. The article makes tender offer's concept, principle and process of tender offer, partial offer, force offer distinct, compares tender offer with negotiated purchase. Then, it analyzes the tender offer case Nanjing Iron&steel Co., Ltd, researches the process of formulate and execute program, analyzes the positive sense and exited problems. Following, it researches the two main models of tender offer in western country —America model and English model and the useful experience for our country, analyzes the tender offer current situation in our country. Finally, it puts forward proposes for standardized tender offer system of our country. Hope that the research will play a certain role to the development of the tender offer of our country.Case analysis is the main research model of the text. Lots of data was collected following the beginning of Nanjing Iron&steel Co., Ltd tender offer in Jun.2003, including the process of the tender offer, the data of related company, the related low, the data of the tender offer in western country, etc. Then these data were reorganized and analyzed. During the process of analyzing, a lot of researching ways were adopted, such as chart illustrated, example illustrated, the principles of economy, law and security etc.