Research On Supervision Of Valuation Adjustment Mechanism In Mergers And Acquisition Of Listed Company

There are many particularities in the merger and acquisition of listed companies that include Valuation Adjustment Mechanism terms.This article focuses on analyzing the problems existing in the supervision and its solutions.This article believes that considering regulatory objectives,regulatory bodies,and regulatory means,there are many problems in the regulation of Valuation Adjustment Mechanism clauses in the mergers and acquisitions of listed companies.Specifically,these include problems of oversight of regulatory objectives,lack of intermediaries,weak disclosure of information,and excessive regulatory penalties.On the basis of the experience of the United States and the United Kingdom,this paper believes that the regulatory objectives should be further clarified,the role of intermediary institutions should be better played and the supervision measures should be improved by strengthening the disclosure of risk information and strengthening the regulatory penalties.