The Foundations Of Freezeout Laws In Takeovers
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The Foundations Of Freezeout Laws In Takeovers
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Author : Yakov Amihud
language : en
Publisher:
Release Date : 2008
The Foundations Of Freezeout Laws In Takeovers written by Yakov Amihud and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
We provide an economic basis for permitting freeze outs of non-tendering shareholdersfollowing successful takeovers. We describe a specific freeze out mechanism based on easily verifiable information that induces desirable efficiency and welfare properties in models of both corporations with widely dispersed shareholdings and corporations with large pivotal shareholders. The mechanism dominates previous proposals along some important dimensions. We also examine takeover premia that arise in the presence of competition among raiders. Our mechanism is closely related to the practice of takeover law in the U.S.; thus, our analysis may be thought of as analyzing the economic foundations of current regulations.
The Efficiency And Welfare Foundations Of Freezeout Laws In Takeovers
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Author : Yakov Amihud
language : en
Publisher:
Release Date : 2008
The Efficiency And Welfare Foundations Of Freezeout Laws In Takeovers written by Yakov Amihud and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
We provide an economic basis for permitting freezeouts of non-tendering shareholders following successful takeovers. We describe a specific freezeout mechanism that is based on easily verifiable information, making it simple to implement in practice. We show that this mechanism induces desirable efficiency and welfare properties in models of both corporations with widely-dispersed shareholdings (as in Grossman and Hart, 1980) and corporations with large pivotal shareholders (as in Bagnoli and Lipman, 1988), and that it strictly dominates previous proposals along some important dimensions. The mechanism we describe is very closely related to the practice of takeover law in the US.
The Efficiency Welfare Foundations Of Freezeout Laws In Takeovers
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Author : Yakov Amihud
language : en
Publisher:
Release Date : 2002
The Efficiency Welfare Foundations Of Freezeout Laws In Takeovers written by Yakov Amihud and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Consolidation and merger of corporations categories.
Takeovers And Freezeouts
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Author : Martin Lipton
language : en
Publisher:
Release Date : 1978
Takeovers And Freezeouts written by Martin Lipton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Tender offers (Securities) categories.
Takeovers Freezeouts
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Author : Martin Lipton
language : en
Publisher:
Release Date : 1984
Takeovers Freezeouts written by Martin Lipton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Tender offers (Securities) categories.
Takeovers Freezeouts
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Author : Martin Lipton
language : en
Publisher:
Release Date : 1978
Takeovers Freezeouts written by Martin Lipton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with categories.
Mergers And Acquisitions
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Author : Stephen M. Bainbridge
language : en
Publisher:
Release Date : 2009
Mergers And Acquisitions written by Stephen M. Bainbridge and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
This book is designed for law students taking an advanced business law course such as Mergers & Acquisitions or Corporate Finance, with a primary emphasis on corporate and securities law issues. While the text has a strong emphasis on the doctrinal issues taught in today's M&A classes, it also places significant emphasis on providing an economic analysis of the major issues in that course. The text thus offers not only with an overview of the black letter law, but also a unifying method of thinking about the subject.
The Anatomy Of Corporate Law
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Author : Reinier Kraakman
language : en
Publisher: OUP Oxford
Release Date : 2009-07-23
The Anatomy Of Corporate Law written by Reinier Kraakman and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-23 with Law categories.
This is the long-awaited second edition of this highly regarded comparative overview of corporate law. This edition has been comprehensively updated to reflect profound changes in corporate law. It now includes consideration of additional matters such as the highly topical issue of enforcement in corporate law, and explores the continued convergence of corporate law across jurisdictions. The authors start from the premise that corporate (or company) law across jurisdictions addresses the same three basic agency problems: (1) the opportunism of managers vis-à-vis shareholders; (2) the opportunism of controlling shareholders vis-à-vis minority shareholders; and (3) the opportunism of shareholders as a class vis-à-vis other corporate constituencies, such as corporate creditors and employees. Every jurisdiction must address these problems in a variety of contexts, framed by the corporation's internal dynamics and its interactions with the product, labor, capital, and takeover markets. The authors' central claim, however, is that corporate (or company) forms are fundamentally similar and that, to a surprising degree, jurisdictions pick from among the same handful of legal strategies to address the three basic agency issues. This book explains in detail how (and why) the principal European jurisdictions, Japan, and the United States sometimes select identical legal strategies to address a given corporate law problem, and sometimes make divergent choices. After an introductory discussion of agency issues and legal strategies, the book addresses the basic governance structure of the corporation, including the powers of the board of directors and the shareholders meeting. It proceeds to creditor protection measures, related-party transactions, and fundamental corporate actions such as mergers and charter amendments. Finally, it concludes with an examination of friendly acquisitions, hostile takeovers, and the regulation of the capital markets.
Comparative Takeover Regulation
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Author : Umakanth Varottil
language : en
Publisher: Cambridge University Press
Release Date : 2017-10-26
Comparative Takeover Regulation written by Umakanth Varottil and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-26 with Business & Economics categories.
Comparative Takeover Regulation compares the laws relating to takeovers in leading Asian economies and relates them to broader global developments. It is ideal for educational institutions that teach corporate law, corporate governance, and mergers and acquisitions, as well as for law firms, corporate counsel and other practitioners.
Concentrated Corporate Ownership
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Author : Randall K. Morck
language : en
Publisher: University of Chicago Press
Release Date : 2007-12-01
Concentrated Corporate Ownership written by Randall K. Morck and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-12-01 with Business & Economics categories.
Standard economic models assume that many small investors own firms. This is so in most large U.S. firms, but wealthy individuals or families generally hold controlling blocks in smaller U.S. firms and in all firms in most other countries. Given this, the lack of theoretical and empirical work on tightly held firms is surprising. What corporate governance problems arise in tightly held firms? How do these differ from corporate governance problems in widely held firms? How do control blocks arise and how are they maintained? How does concentrated ownership affect economic growth? How should we regulate tightly held firms? Drawing together leading scholars from law, economics, and finance, this volume examines the economic and legal issues of concentrated ownership and their impact on a shifting global economy.