Different legislations regarding OPA's
An analysis was made of then effectof the Tender Offer Law in Chile, andof the related situation of five countrieswith a more developed marketthan the Chilean one, reaching theconclusion that in order to successfullyimplement a Tender Offer Lawit is necessary to bear in mind thatthe problem is not s...
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| Autores principales: | , |
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| Formato: | article Artículo |
| Lenguaje: | Español |
| Publicado: |
Universidad Icesi
2006
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| Acceso en línea: | http://hdl.handle.net/10906/331 http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/136 http://biblioteca2.icesi.edu.co/cgi-olib/?infile=details.glu&loid=148041 http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=co/co-008&d=10906331oai |
| Aporte de: |
| Sumario: | An analysis was made of then effectof the Tender Offer Law in Chile, andof the related situation of five countrieswith a more developed marketthan the Chilean one, reaching theconclusion that in order to successfullyimplement a Tender Offer Lawit is necessary to bear in mind thatthe problem is not solved by establishingstandards that regulate transactions,but by creating instancesthat contribute to a more dynamicand efficient market. In addition,there should exist a balance betweenprotection of the minority stockholderand competition for corporate control.Finally, we can conclude that thereis evidence that the Tender Offer Lawhas depressed the Stock Exchange. |
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