协议收购

更温和的调子应当受到各方欢迎尤其是兖州煤业（YanzhouCoal），该公司似乎即将宣布以30亿美元协议收购澳大利亚同行FelixResources，因而不会对一场外交争执升级感到兴奋。

The more moderate line should be welcomed not least by Yanzhou Coal , which seems to be on the brink of announcing an agreed $ 3bn bid for Australia 's Felix Resources , and would not be thrilled at an escalation of the diplomatic row .

至下午盘伊始，贝尔斯登股价飙升44%，超过JP摩根（JPMorgan）协议收购这家陷于困境的金融机构的价格3倍多。对于投资者将要求更高出价的前景，交易员加大了赌注。

Bear Stearns ' stock gained 44 per cent in early afternoon trading to more than three times the agreed purchase price of the struggling brokerage by JPMorgan Chase , when traders in-creased bets that investors would push for a higher offer .

出人意料的辞职事件是第一个公开迹象，表明对于保诚的协议收购以及与以前的竞争对手共事的前景，aia资深高管中存在不满情绪。

The surprise resignations are the first public signs of unhappiness among senior AIA executives about the prospect of the agreed takeover by the Pru , its long-time foreign rival in the region , and about working with their counterparts .

上市公司协议收购的法律分析

Legal Analysis of Negotiated M & A in Chinese Securities Market

境内上市公司协议收购的六种模式

Six purchasing models agreement of enterprises entered into stock market

上市公司协议收购中的中小股东利益保护

The Protection of Minority Shareholder in Listed Company 's Negotiating

第七十八条上市公司收购可以采取要约收购或者协议收购的方式。

Article 78 . A listed company may be purchased by offer or by agreement .

论上市公司的协议收购

Dealing With Takeover Agreement of Listed Company

上市公司协议收购的弊端及立法治理对策

On the Malpractice of the Listed Company in Its Negotiated Procurement and the Relevant Legislative Countermeasures

对于协议收购，我国立法规定得较为简单粗略，亟待完善。

But the law on takeover agreement in China is quite simple and need to be perfect .

传统上，学者们将收购区分为要约收购和协议收购两种。

Traditionally , Chinese scholars divide acquisition into two categories , take-over by offer and purchasing through agreement .

强制要约制度与中小投资者保护&基于我国上市公司协议收购市场反应的实证研究

Mandatory Bid Rule and Minority Shareholders Protection : & An Empirical Research of Negotiated Trades of Corporate Control

本文在引言部分说明了加强协议收购法律监管的必要性。

In the preface of this thesis , it illustrates the necessity of strengthening lawful supervision over negotiation purchase .

而我国《证券法》的有关条文规定得过于原则，缺乏可操作性，造成对协议收购的监管不力。

While related stipulations in Securities Rule are too rigescent to be workable , which leads to insufficient supervision .

最后一节重点分析了我国上市公司的协议收购和要约收购程序。

In the last section the author analyzes agreement M A and offer M A procedure of our listed companies .

我国现阶段特殊的股权结构和证券市场发展水平决定了协议收购成为我国目前主要的上市公司收购方式。

Agreed acquisition is the leading purchasing way of public listed company , which is due to special equity structure and securities development condition .

要约收购是一种完全市场化的收购方式，是成熟的资本市场上主要的资本运营方式，能够克服协议收购的众多弊端。

Tender offer is a fully market-oriented way which is the main means in mature capital markets . It overcomes many disadvantages of agreement acquisition .

笔者认为，在中国特殊的股权结构条件下，较为可行的收购模式是协议收购。

In the author 's opinion , purchasing through agreement would be more practicable and acceptable considering the status quo of share structure in China .

上市公司协议收购应该以这个内在价值为基础，再考虑影响价格形成的其他因素。

The stock price of negotiating merger of listed company should based on this inherent value , and then consider other factors that influence prices to form .

鉴于此，本文对相关问题进行了探讨，对完善协议收购的法律监管体系提出一些个人看法。

I write this paper with the purpose of discussing some related problems and putting forward some opinions of myself for perfecting the law custody system of agreement purchase .

艾芬豪5月份通过了一项股东权利计划，本质上阻止了除协议收购以外任何形式的收购，此后，分析师们一直估计力拓会进行股票换资产。

Analysts have long expected Rio to do a share-for-asset swap since Ivanhoe passed a shareholder rights plan in May that in essence blocks all but a friendly takeover bid .

对于协议收购，我国立法规定得较为简单粗略，亟待完善。强制要约制度与中小投资者保护&基于我国上市公司协议收购市场反应的实证研究

But the law on takeover agreement in China is quite simple and need to be perfect . Mandatory Bid Rule and Minority Shareholders Protection : & An Empirical Research of Negotiated Trades of Corporate Control

上市公司协议收购是一种重要的公司收购方式，对于公司扩大规模，整合市场资源有着重要意义，是公司之间资本运作的重要手段。

Negotiation purchase . of listed company is an important way of purchasing companies and a useful means of capital operation , playing a significant role in expanding the size of companies and integrating market resources .

我们可以看到股权分置改革中我国上市公司的控制权转移将不仅仅是在政府干预下的协议收购或者无偿划拨，也出现了更多的市场化程度更高的战略性并购。

And we can tell that in the reformation , the control right transfer is not only intervened by government , but also appear more higher-level , market-oriented , strategic M & A in the market .

第八十九条采取协议收购方式的，收购人可以依照法律、行政法规的规定同被收购公司的股东以协议方式进行股权转让。

Article 89 . A purchaser who purchases stocks by agreement can carry out the transference of stock rights by negotiating with other stockholders of a purchased company in according with the regulations of laws and administrative rules .

即由于协议收购在一段时间内将是我国股票市场上主要的收购方式，且易产生内幕交易等诸多市场舞弊行为，因此，有必要对其加以监管。

In the forthcoming period , the negotiation purchase will be the major manner of transaction in our stock market , which is prone to be affected by such market frauds as insider trading , thus requiring relevant lawful supervision .

第九十条采取协议收购方式的，协议双方可以临时委托证券登记结算机构保管协议转让的股票，并将资金存放于指定的银行。

Article 90 . For the purchases under agreement , either party of the agreement may temporarily entrust the institutions of securities registration and account balancing with safekeeping the agreed transfer securities , and deposit the capital into the designated bank .

第三章就英美等国上市公司收购方式相关制度进行比较的研究，主要包括上市公司要约收购、协议收购和反收购问题。

In chapter three , the author makes a comparative study of the systems related to the acquisition of listed companies in European and American countries , which mainly covers the issues of the tender offer , acquisition by agreement and anti-monopoly .

上市公司协议收购是指投资者为了取得对于某上市公司的控制权，而在证券集中交易场所以外通过私下协议的方式受让该上市公司股份的行为。

Acquiring a listed company by agreement can be defined as follows : in order to get the control of a listed company , an investor tries to buy enough shares of the target company by private agreement from outside of the Stock Exchanges .

第一部分介绍了关于上市公司协议收购的基本理论及与相关概念的比较，介绍了协议收购的基本原则，为下文保护中小股东的利益奠定理论基础。

The first part introduces the basic theories and relevant concept about the acquiring a listed company by agreement , introduces the basic principle of acquiring a listed company by agreement , All the contents lay a foundation for minority stock holder 's interests protection .