Listed Companies In The Acquisition Of Certain Legal Issues

The Purchasing for listed firms influences and interferes to the interests of purchasers, target firms and their shareholders, management echelons of firms, common staffs and other relevant parties, and bring influences for the social and economic development. How to judge its value is not only a profound theoretical matter that has been quarreled about for a long time, but also an important actual matter. The different recognitions and understandings of decision-makers and legislators for the matter will influence the making of relevant policies and laws. Through the lawful analysis, lawful value analysis, mode analysis on legislative regulations, echelon analysis on anti-purchasing system on the purchasing phenomenon for listed firms, the thesis puts forward some preliminary opinions and suggestions for the legislation of purchasing listed firms in China.From the historic development of M & A of companies we can view that the M & A of companies has developed from the preliminary and simple lateral merging, longitudinal merging to compound merging, from the hostile merging that is the main to present friendly merging that is the main. The enterprises conduct strong-strong union and seek for more international market share. The phenomenon for purchasing companies not only induces the relevant legislative activities, but also induces wide attentions in theoretical circle. The value on purchasing activity is being quarreled continually.Through the analysis on the concept of purchasing listed firms, the thesis simply defines the purchasing for listed firms as follows: The behavior that an investor purchases the securities with vote rights from the shareholders of a listed company according to legal procedures in order to acquire or strengthen the control rights for a listed company.In the theoretical circle there are positive and negative opinions for the value of...