Research On Anti Takeover Method Of Listed Companies Based On The Dispute Between The Wanke And Baoneng

With the development of globalization and integration of economy,especially since China's accession to the world trade organization,the capital market is more unified and open,For the competition between listed companies to provide a good environment for development,but also makes the acquisition and acquisition of Listed Companies in the case of frequent occurrence,which in China's capital market has become a norm.The acquisition method based on the purpose of financial investment or strategic investment in the two grade market wantonly acquisition,and the acquirer due to dispersed ownership structure,corporate governance structure is not reasonable,the stock price is undervalued and other reasons,in the two grade market called capital hunting objects.What are the characteristics of hostile takeovers in these different hostile takeovers,and how does the anti takeover deal? These problems deserve our attention.This paper mainly focuses on how to counter hostile takeover of listed companies,and this paper is divided into five parts,First of all,this paper introduces the significance and background of the topic,and summarizes the current research results at home and abroad;Secondly,the definition and characteristics of hostile takeover,form and effect are introduced,and the definition of the anti takeover,on how to deal with the hostile takeover were introduced,such as the revision of the articles of association,stock repurchase,the white knight,a scorched earth strategy,and the advantages and disadvantages of various methods are analyzed,on the basis of this.Analysis of the listed companies in our country at present is how to deal with the hostile takeover;again,to treasure the hostile takeover Vanke as an example,the treasure,Vanke and Huarun are briefly introduced and the hostile takeover of the purpose,cause,effect are analyzed,and how to deal with the hostile takeover of Vanke to make the key analysis.Treasure to buy Vanke is a typical case of hostile acquisitions in the community has aroused widespread concern,Vanke's successful experience to deal with the acquisition of treasure is worth the threat of hostile takeover of listed companies to learn;Finally,combined with the Po Wan dispute case,put forward rationalization from listed companies on how to deal with the hostile takeover of two aspects of the proposal,the listed companies should be how to do from their own level,regulators how to regulate the hostile takeover.To provide a reference for listed companies.he main contributions of this paper is to study the characteristics and the hostile takeover of Listed Companies in China and the acquirer means how to deal with the hostile takeover as thetheoretical basis,to treasure Wan dispute case analysis,for how to deal with the hostile takeover of listed companies to put forward suggestions and opinions on the rationalization.Therefore,we hope to provide some reference for listed companies to deal with hostile takeover.