On Listed Companies In The Tender Offer Information Disclosure System

Disclosure is the cornerstone of the securities regulation, effective securities regulation market relies on full disclosure of information. It guarantees tender offer open, fair and impartial .This thesis intends to discuss the basic legal problem from the case that France SEB International S.A.S. takeovers China Zhejiang Supor Co., LTD. and put forward some feasible suggestion in respect of improving the information disclosure system of tender offer of our country.This paper is divided into four parts:The first part introduces the case that France SEB International S.A.S takeovers China Zhejiang Supor Co., LTD. and relevant information disclosure, discusses and analyzes the legal issues extended from the case.The second part has introduced the basic theory of information disclosure of tender offer. This part starting from the definition, has discussed the significance of disclosure during the tender offer, the value choice of the disclosure and Substantive standards and forms of standards.The third part has introduced the specific systems of disclosure during the tender offer. These systems are early warning disclosure systems , information negotiations and information disclosure during the tender offer.The fourth part has put forward some feasible suggestion in respect of improving the information disclosure system of tender offer of our country.