論公司要約收購

法律論文編號:FM024  包括:開題報告,中英文摘要,論文,目錄,文獻綜述,任務書,答辯,中期檢查表,等   論文字數:11630,頁數:21

目   錄
摘   要 .............................................................III
Abstract ............................................................IV
引言................................................................... 1
一、要約收購的概述 ...................................................2
（一）上市公司的收購............................................ ..........2
        1．協議收購與要約收購..........................................2
       2．協議收購與要約收購的區別....................................2
       3．研究要約收購的意義..........................................3
（二）各國要約收購類型...........................................................3
             1.英國的要約收購制度...........................................4
           2.美國的要約收購制度............................................4
           3.大陸法系國家的要約收購制度....................................5
（三）關于我國要約收購的立法............................... 5
二、要約收購制度的基本原則..................................6
(一)股東平等原則............................................6
(二)信息披露原則............................................6
    1.大股東信息披露義務.............................................6
     2.目標公司管理部門的披露義務.....................................7
     3.收購要約人的披露義務...........................................7
四、要約收購的程序................................................... 8
   （一）持股情況披露...........................................8
   （二）制備文書...............................................8
   （三）公告收購要約...........................................8
   （四）豁免事項...............................................9
   （五）收購...................................................9
五、我國要約收購的收購制度的立法現狀及缺陷.................10
   （一）我國要約收購制度的立法現狀............................10
   （二）我國要約收購制度的缺陷.................................11
         1．股權問題......................................................11
         2．信息披露問題...............................................12

摘    要
      要約收購是上市公司收購法律體系中重要的組成部分，最初起源于20世紀50年代的英國。在收購過程中堅定的以維護廣大中小股東合法權益，現代企業制度下強化管理層約束機制為基本原則。
在我國上市公司收購中，收購人取得控股權就必然會觸及全面強制要約收購，而使得大量收購人用兩個或多個“非關聯公司”來同時收購目標公司，以求規避全面強制要約收購，由此滋生了大量內幕交易，違背了“三公”原則。我國實施要約收購制度，尤其是全面強制要約收購制度的立法目的主要是為了給中小股東對控股股東變動時自由退出的選擇權。但實際上對于目標公司來說，新控股股東與中小股東總體利益基本一致，沒有理由也無任何實證結果認為新控股股東會不利于目標公司。新控股股東并不希望終止目標公司的上市，僅僅希望取得其控制權。
因此，在這種情況下探究要約收購制度的性質，原則，以及在現實中的實踐具有了極大的意義。
關鍵詞：要約收購的概念；基本原則；制度結構與內容；制度現狀

Discuss the Tender Offer

Abstract
Tender offer is one of the important parts in the law systems,originating in the 1950s in England.It aims at that strongly defending the Legal rights of the mostly small and medium shareholders,which intensifies restraint mechanism of manage ranks in the modern enterprise systems as basic principles.
Among of the listed companies in China, once purchasing persons getting the rights of controlling stock must get touch of tender offer system about all round about,therefore a great number of purchasing persons will take the name of  two or two more non- related companies purchasing the target companies in order to avoid negotiating purchase system about all round about and it multiplied inside exchange,which broke the “three pubilc”rules. Our country carry on the tender offer system especially forcing negotiating tender offer sysmtem about all round about is mainly for the choice that liberty alterated rights of small and medium shareholders’ withdrawing.However,as a matter of fact, new controlling share holders’interests is according with the small and medium shareholders as a whole.There are no reasons and proven outcomes regarding the new controlling share holders will do harm to the target companies.
All in all ,in the realistic practice, it has great meaning that demonstrating the nature and the principle of the tender offer.
Key words: the concept of tender offer；basic principle；the construction and content of system；present situation of system