The Sole Owner Standard for Takeover Policy
The Sole Owner Standard for Takeover Policy
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收购政策的唯一所有者标准
DOI:
10.1086/468127
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发表时间:
1988
期刊:
影响因子:
--
通讯作者:
L. Bebchuk
中科院分区:
文献类型:
--
作者:
L. Bebchuk
In a number of papers published over the last five years, I have put forward a standard of evaluation-and thus also an objective-for the legal arrangements that govern corporate acquisitions.' This standard, which I termed the "undistorted choice" standard, might also be appropriately referred to as the "sole owner" standard. The standard was proposed for all acquisitions of targets with dispersed ownership. According to the standard, a corporation should be acquired if and only if its