Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-10-05
With the split share structure reform, and gradually moving forward, full circulation era of M & A activity between the listed companies will show the extremely frequent and more intense. How do investors in an increasingly frequent mergers and acquisitions have become a positive and active, will investors have an important impact. The author believes that investors should M & A activity should be noted that three-point operation strategy.
First of all, an objective look at the acquisition of listed companies, the correct evaluation of an offer to purchase price. M & A is a normal capital market equity flows. Acquisition of delisting is not a sign of a direct result of investment losses. On the contrary, may be an improvement of acquisition and acquired an important measure for quality of listed companies.
Second, we should learn to safeguard their own interests. When the offer for listed companies to depart from the actual value of the acquired companies, investors can be certain procedures to abandon an offer to pre-registration. When investors are optimistic about the future of the acquisition value of listed companies or not to participate in tender offer directly to shareholders of acquired company's official enjoy the acquisition of the company's dividend. Investors issued a tender offer in the face in front, you can weigh the interests of multiple gains and losses, and thus make their own investment judgments.
Thirdly, should pay attention to the handling of tender offer rules. Investors should pay particular attention to the purchaser, the purchaser coding, a listed company if the offer will be terminated upon completion of the acquisition market, tender offer in whole or in part the acquisition acquisition, tender offer period, the offer price, the tender offer for entry into force elements. When the offer expires, if you meet the entry into force of the successful tender offer, or offer fails. Tender offer not enter into force from the beginning, the original declaration of the pre-subject is no longer valid. By the time of the pre-declaration of 30 natural days. More than the pre-declaration by the time, will no longer apply. Investors are also entitled to the tender offer period, the normal trading transactions of the shares held by the pre-offer returns, pre-declaration of confirmation by an offer to sell additional information, should first remove the pre-offeree such an operation.
