摘要
20世纪90年代以来,全球跨国并购活动空前活跃。对并购公司来说,关键是要设计一个好的交易结构,以符合东道国的法律安排。存在两种基本交易结构:跨国法定兼并和股票要约收购。跨国法定兼并有两种衍生形式:三角兼并和换股收购。跨国并购中发行新股是近年来交易结构的一种金融创新。
Since the 1990s, cross-border M&A has got the unprecedented development. A good deal structure is key for buyers in order to fit the law of host country. There are two basic deal structures: merger and tender offer. Cross-border merger is derived from triangle merger and cross-border M&A through the exchange of stocks. Issuing new stocks in cross-border M&A has been an important innovation in recent years.
出处
《商业研究》
北大核心
2004年第18期17-21,共5页
Commercial Research
