Corporate Takeovers Through Public Markets in the United States and the European Community PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Corporate Takeovers Through Public Markets in the United States and the European Community PDF full book. Access full book title Corporate Takeovers Through Public Markets in the United States and the European Community by Pavels Smiltneks. Download full books in PDF and EPUB format.
Author: Pavels Smiltneks
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 726
Get Book Here
Book Description
Author: Pavels Smiltneks
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 726
Get Book Here
Book Description
Author: Felix I. Lessambo
Publisher: Springer Nature
ISBN: 303043558X
Category : Business & Economics
Languages : en
Pages : 192
Get Book Here
Book Description
International mergers and acquisitions play a vital role behind the growth of a company. This book explores the hurdles involved and how to navigate through the review processes set up by national regulatory agencies such as the US Committee on Foreign Investment (CFIUS), the EU Commission, and the Anti-Monopoly Bureau of State Administration of Market Regulation of China (AMB). This book is unique and showcases how to anticipate, develop, and implement successful strategies to support mergers and acquisitions activities, particularly of interest to finance and law students, researchers, and academics.
Author: Murray L. Weidenbaum
Publisher: Transaction Publishers
ISBN: 9781412832458
Category : Political Science
Languages : en
Pages : 200
Get Book Here
Book Description
This volume examines critical issues in the debate over the effects' of the current wave of corporate takeovers. Media accounts are often sensational, but proposed public policy remedies need to be evaluated on the basis of more than simple rhetoric. The studies contained in this collection provide solid economic grounding for the debate. Public Policy Toward Corporate Takeovers is the result of extensive research sponsored by the Center for the Study of American Business and directed by Murray Weidenbaum; it examines key aspects of takeovers: the evolving regulatory role of the Antitrust Division, state versus federal authority over offensive and defensive takeover maneuvers, whether leveraged buyouts improve the firm's economic performance, and the validity of assertions about "entrenched" managements. The book also includes the views of the most publicized corporate raider, T. Boone Pickens. Balancing Pickens' highly favorable view of the value of hostile takeovers as a disciplining factor for subpar management performance is a chapter by David Ravenscraft of the Federal Trade Commission, who takes a long-term viewpoint and argues that the popular belief that takeovers create substantial efficiencies has not been borne out by the record. The overall findings do not fully support either side of the takeover controversy. The book presents both legal and economic perspectives, and suggests strategies for government policymakers as well as leaders of private enterprise.
Author: Nicholas V. Gianaris
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
Get Book Here
Book Description
In this timely volume, Nicholas Gianaris examines trade and investment relations and related economic policies as they affect development trends in Europe and the United States. Particular emphasis is placed on the potential effects on the historical ties between the United States and Europe of such developments as the integration of Western Europe in 1992, the rapid opening of Eastern Europe, German reunification, and the potential for stronger economic cooperation in North America. Gianaris examines the impact of these issues on a wide range of economic matters including the relationship between the private and public sectors, the openness of markets, the degree of industrialization, fiscal and monetary policy, business regulation and taxation, joint ventures, and mergers and acquisitions. Following an introductory overview, Gianaris reviews historical trends in the economic relations between the European Community and the United States, especially the intensive postwar efforts at European integration which followed, to some extent, the successful example of the United States. The next two chapters address the similarities in economic organizations and related fiscal and monetary policies as they affect trade and other financial transactions between the European Community and the United States. Gianaris goes on to examine in more detail trade and investment relations, including such issues as capital flows and currency realignment, as well as the growing phenomena of transatlantic joint ventures and acquisitions. The final chapter assesses relations with the dramatically changing Eastern European countries and the expected results of the unification of Germany. Students and scholars in international trade and finance will find this analysis of current and potential future economic relations between the United States and the European Community enlightening reading.
Author: Maciej Mataczynski
Publisher: Peter Lang D
ISBN: 9783631670996
Category : Law
Languages : en
Pages : 199
Get Book Here
Book Description
This book provides a comprehensive review of major legal problems affecting the processes of takeover of publicly listed companies with particular emphasis on EU, Polish and German law. Acquisitions are seen through the lens of two relevant EU Treaty freedoms: free movement of capital and freedom of establishment and the 13th (Takeover) Directive. The Book contains an in-depth review of the relevant case law of the Court of Justice. The authors discuss the limits of inclusion into shareholders' autonomy by transnational rules. They also look at breakthrough and neutrality rules stemming from the Takeover Directive. The extensive economic analysis serves as background to a legal-dogmatic research. The authors discuss the phenomenon of so-called national champions and its role in economies and societies of emerging markets.
Author: Thomas Papadopoulos
Publisher: Springer Nature
ISBN: 3030227537
Category : Law
Languages : en
Pages : 511
Get Book Here
Book Description
This edited volume focuses on specific, crucially important structural measures that foster corporate change, namely cross-border mergers. Such cross-border transactions play a key role in business reality, economic theory and corporate, financial and capital markets law. Since the adoption of the Cross-border Mergers Directive, these mergers have been regulated by specific legal provisions in EU member states. This book analyzes various aspects of the directive, closely examining this harmonized area of EU company law and critically evaluating cross-border mergers as a method of corporate restructuring in order to gain insights into their fundamental mechanisms. It comprehensively discusses the practicalities of EU harmonization of cross-border mergers, linking it to corporate restructuring in general, while also taking the transposition of the directive into account. Exploring specific angles of the Cross-border Mergers Directive in the light of European and national company law, the book is divided into three sections: the first section focuses on EU and comparative aspects of the Cross-border Mergers Directive, while the second examines the interaction of the directive with other areas of law (capital markets law, competition law, employment law, tax law, civil procedure). Lastly, the third section describes the various member states’ experiences of implementing the Cross-border Mergers Directive.
Author: Klaus J. Hopt
Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 976
Get Book Here
Book Description
Increased regulatory competition has sharpened the comparative awareness of advantages or disadvantages of different national models of political economy, economic organization, governance and regulation. Although institutional change is slow and subject to functional complementarities as wellas social and cultural entrenchment, at least some features of successful modern market economies have been in the process of converging over the last decades. The most important change is a shift in governance from state to the market. As bureaucratic ex-ante control is replaced by judicial ex-postcontrol, administrative discretion is replaced by the rule of law as guidelines for the economy. Furthermore, at least to some extent, public enforcement is being reduced in favor of private enforcement by way of disclosure, enhanced liability, and correspondent litigation for damages. Corporatistapproaches to governance are giving way to market approaches, and outsider and market-oriented corporate governance models seem to be replacing insider-based regimes.This transition is far from smooth and poses a daunting challenge to regulators and academics trying to redefine the fundamental governance and regulatory setting. They are confronted with the task of making or keeping the national regulatory structure attractive to investors in the face ofcompetitive pressures from other jurisdictions to adopt state-of-the-art solutions. At the same time, however, they must establish a coherent institutional framework that accommodates the efficient, modern rules with the existing and hard-to-change institutional setting. These challenges - put in acomparative and interdisciplinary perspective - are the subject of the book. As a reflection of the transnationality of the issues addressed, the world's three leading economies and their legal systems are included on an equal basis: the EU, the U.S., and Japan across each of the subtopics ofcorporations, bureaucracy and regulation, markets, and intermediaries.
Author: David L. McKee
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 208
Get Book Here
Book Description
This book examines the effects of hostile takeovers, their impact on regional economies and industries, and the policy implications of such takeovers for both the corporation and the public sector. The book's contributors present arguments for and against corporate takeovers, identifying both the strong and weak points on each side. Then, they consider economic, legal, ethical and geographical issues--particularly interregional issues, legal difficulties involving different levels of governement, and interstate differences. Pension World The ongoing trend of hostile corporate takeovers has been discussed at some length in the press and in the business literature. However, even as terms like golden parachutes, greenmail, and white knights enter the popular lexicon, little has been written about the effects, real or potential, that specific takeovers may have upon the economic base of metropolitan areas, states, or regions that house individual corporate operations. This volume represents a systematic attempt to fill that gap by examining the effects of hostile takeovers, their impact on regional economies and industries, and the policy implications of such takeovers for both the corporation and the public sector. The contributors begin by presenting arguments for and against corporate takeovers, identifying both the strong and weak points on each side of the debate. They then turn to a consideration of economic, legal, ethical, and geographical issues, paying particular attention to interregional issues, legal difficulties involving different levels of government, and interstate differences. Separate chapters are also devoted to foreign direct investment in the United States and the impact of federal tax policy on the takeover process. The contributors conclude with an overview of the corporate impact of takeovers and specific policy recommendations.
Author: Phaedon Kozyris
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 436
Get Book Here
Book Description
This important new volume contains the National Reports and the General Report on the topic of Corporate Takeovers through the Public Markets , as presented at the XIVth Congress of the International Academy of Comparative Law held in Athens, Greece, between 31 July and 6 August 1994. The main aim of the report is to study public market transactions, with particular emphasis on policy. It presents an up-to-date compilation and examination of the key issues relating to corporate takeovers worldwide and provides invaluable information and policy analysis for the scholar as well as for the legislator and the legal practitioner. The detailed national reports cover the following countries: Argentina, Australia, Canada, Finland, France, Germany, Greece, Israel, Italy, Japan, Sweden, United Kingdom, United States of America, Venezuela and Yugoslavia.
Author: Hicham Meghouar
Publisher: John Wiley & Sons
ISBN: 1848219172
Category : Business & Economics
Languages : en
Pages : 240
Get Book Here
Book Description
The term "takeover", of which the first form is mergers and acquisitions (M&A), refers to the transfer of control of a business from one group of shareholders to another. Considering the importance of this issue and the real drives behind takeovers, it has become imperative to identifying companies that are vulnerable to takeover by two types: tender offer and exchange offer. This book thus presents the legal aspects, the theoretical justifications and the empirical contributions of takeovers, and analyzes the economic and financial characteristics of targets in order to assess the probability of being acquired. An empirical approach based on two quantitative studies is then applied to the European market, which is still virgin territory in terms of academic research. Finally, acquisition probability models have been developed and they have a 72% forecast accuracy average rate of targets. Corporate Takeover Targets is aimed at students and researchers in economic and management, as well as M&A consultants.
