法经济学；豁免；强制要约收购。
要约收购则是上市公司收购的重要形式。
要约收购是我国上市公司收购的重要方式。
The offer purchasing is one of the important means in the purchasing companies in the stock market.
第五部分，上市公司要约收购的变更与撤销。
The fifth part, changes and revocations of the listed companies offer.
第三章是面临要约收购时计划受托人的信义义务。
The third chapter focuses the fiduciary duties of plan trustee in face of tender offer.
换股合并：以证券而非现金为交易对价的要约收购。
Exchange Offers: Tender offer where the consideration is securities rather than cash.
存在两种基本交易结构：跨国法定兼并和股票要约收购。
There are two basic deal structures: merger and tender offer.
中小股东合法利益的保护是要约收购制度的重要价值目标。
Protection of minor shareholders' rights is an important value objective of system of takeover.
要约收购是现代公司制度中普遍的、有效的公司重组方式。
Takeover offer for listed companies is the universal way to take over listed companies in modern company's system.
小股东合法利益的保护是强制要约收购制度的重要价值目标。
Legal protection of minor shareholders' rights is an important value objective of system of compulsive offer of stock acquisition.
并购套利；风险套利；要约收购；集中竞价收购；协议收购。
Merger Arbitrage; Risk Arbitrage; Tender Offer; Centralized bidding Acqusition; Agreed Acquisition.
第七十八条上市公司收购可以采取要约收购或者协议收购的方式。
Article 78. A listed company may be purchased by offer or by agreement.
这样的情形使得要约收购中小股东的利益保护问题显得尤为重要。
This situation makes that the protection of minority shareholder's interests seems particularly important in the tender offer.
强制收购制度主要包括强制要约收购制度和强制收购少数股份制度。
Mandatory acquisition legal system includes mainly mandatory tender offer acquisition and compulsory purchase of remaining minor shares.
此交易完成后将成为中国公司涉及的交易额最大的海外要约收购项目。
The move is believed the largest deal among Chinese companies' overseas acquisition deals. see.
要约收购中一个比较突出的问题就是目标公司小股东的利益保护问题。
A very outstanding problem is the protection of minority shareholder's interests of targeted company in Tender Offer.
法经济学分析方法进一步求证了豁免是对强制要约收购制度的必要补充。
Law and Economics analysis method is further confirmation of the immunity system of a mandatory tender offer a necessary complement.
从理论角度探讨了要约收购出现的机理，即控股溢价在控股权转让中的合理性。
From atheoretical perspective, mechanism of tender offer, namely therationality of premium on holding interest is probed into, whichresults in a brand new explanation of premium issue.
第八十五条投资者可以采取要约收购、协议收购及其他合法方式收购上市公司。
Article 85 an investor may acquire a listed company through a tender offer, a negotiated acquisition, or other lawful means.
至于要约收购是否对收购者、目标公司乃至整个经济有利，目前仍是一个有争议的问题。
Presently it is still arguable whether tender offer has benefited the offeror, target corporate and even the whole economy.
而小股东无论在资金的获取能力还是对要约收购相关信息的获取渠道方面都明显处于劣势。
Minority shareholders are obviously at a disadvantage status either in ability to access financial or the channels of access to relevant information in tender offer.
收购人应当在要约收购报告书中完整披露其根据本通知所提出的方案并充分揭示相关风险。
The acquirer shall, in the tender offer report, make full disclose of the complete scheme it presents pursuant to this Circular and the relevant risks.
重建强制要约收购，设立自愿要约收购，规制收购后续行为，是健全要约收购的重要步骤。
It is an important step to set up freewill offer purchasing and standardize the further ACTS after it.
要约收购有利于改善并购交易的公平性，但现行的强制要约收购制度影响了并购交易效率。
On the contrary, acquisition by tender offer helps to improve the equity of acquisition trade, but the current compulsive tender offer system affects the efficiency of acquisition trade negatively.
股权收购要约收购一家企业部分或所有股东股份的建议。收购建议的价值一般高于市场价格。
Tender offer An offer to purchase some or all of shareholders 'shares in a corporation. The price offered is usually at a premium to the market price.
笔者加入这一探讨，目的是厘清要约收购制度的理论价值，为该制度在中国的实践意义做出选择。
The intention of this paper to select this subject is that to make clear the theoretical value of Tender Offer and benefit the choice of China 's practice in Tender Offer.
《证券法》应通过重点完善信息披露制度和强制要约收购制度，来强化对外资收购我国上市公司的规制。
This paper suggests that Securities Law should be reinforced in information exposure and mandatory offer institutions to strengthen ruling acquisition by foreign investors.
通过对要约收购基本规则、监管及权利救济等三方面的深入分析，来维护小股东之权益，找到利益的平衡点。
Through three aspects of fundamental rule contract purchase, supervising and managing, the right relief we preserve the rights of small shareholders to find balance interests.
案例分析包括了四个部分：第一部分是结合案例介绍要约收购的概念、特点，要约收购的豁免和要约收购的法律后果。
Analysis of cases includes four parts: in the first part, combined the case, thesis introduces the concept, characteristics, exemption and legal consequences of tender offer.
案例分析包括了四个部分：第一部分是结合案例介绍要约收购的概念、特点，要约收购的豁免和要约收购的法律后果。
Analysis of cases includes four parts: in the first part, combined the case, thesis introduces the concept, characteristics, exemption and legal consequences of tender offer.
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