To facilitate delistings of stock companies after an acquisition, national legislations in Europe give firms who own a large fraction of the targets' equity capital the right to acquire the remaining outstanding shares. Squeeze-out offers has been used extensively in Germany. We provide a cost-benefit analysis of the current squeeze-out procedures in Germany, using a brand-new database of squeeze-outs with unique data, and offer new insights on this procedure taking into account both the minority investors' point of view and firms' strategies
Croci, E., Nowak, E., & Ehrardt, O. (2009). Minority squeeze-out regulation in Germany: efficiency, fairness, and economic consequences [Working paper].
Citazione: | Croci, E., Nowak, E., & Ehrardt, O. (2009). Minority squeeze-out regulation in Germany: efficiency, fairness, and economic consequences [Working paper]. |
Titolo: | Minority squeeze-out regulation in Germany: efficiency, fairness, and economic consequences |
Autori: | Croci, E; Nowak, E; Ehrardt, O |
Autori: | |
Carattere della pubblicazione: | Scientifica |
DCMI: | Working paper |
Data di pubblicazione: | giu-2009 |
Lingua: | English |
Appare nelle tipologie: | 99 - Altro |