Law and Economics; exemption; mandatory tender offer.

法经济学；豁免；强制要约收购。

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Under Chinese laws, Diageo will need to launch a mandatory tender offer for outstanding shares of Shuijingfang.

根据中国有关的并购规定，帝亚吉欧洋酒集团需要履行全面要约收购义务。

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Law and Economics analysis method is further confirmation of the immunity system of a mandatory tender offer a necessary complement.

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。

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And to create the holding company they will need an exemption from having to make a mandatory tender offer for all shares from France's Financial Markets Authority (AMF).

ECONOMIST: Luxury goods

Mordashov, perhaps mindful of the cool reception given in May to the Severstal merger by Arcelor's rebel shareholders, also confirmed his intention not to increase his shareholding in Arcelor above 33.3%, without making a mandatory tender offer to all shareholders--in accordance with Luxembourg law.

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