Class 10 Tender Offer for Corp. Control (2)
2016-12-11 16:24:06 0 举报”Class 10 Tender Offer for Corp. Control (2)”是一种公司收购策略，通常用于获取对目标公司的控制权。这种策略涉及到向现有股东提供一种购买其股份的机会，通常是以高于市场价格的价格。这种收购方式的目的是为了获得足够的股份，从而能够控制公司的决策。在这个过程中，收购方需要遵守严格的法规和程序，包括公开透明的报价过程。这种策略通常需要大量的资金，但如果成功，可以带来巨大的经济回报。然而，这也存在一定的风险，因为如果收购失败，可能会损失大量的投资。
作者其他创作
大纲/内容
13%
nature and timing of the offer
value of the corp. share
nature of the offer:
Mesa
Public SH
greenmail risk
basic principle: fiduciary duty
Unocal
TO
Mesa
basic interest of Mesa: conflict with the class purported to protect
impact on \"constituence\"
inadequacy of price
37%: $54 per share
fair value evaluated much higher than the price offer
two-tier structure
see the nature of balance
inequitable action may not be taken under the guise of law (how?)
the price indequate: junk bonds
identify the threat (Step 1)
no acted solely or primarily out of a desire to perpetuate themselves
Rest: exnage of suborinated securities
Esp. for adopting defensive measure
Unocal
defensive measure is reasonable in relation to the threat posed (Step 2)
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