Unsolicited Take-Over Bid Defensive Measures – Other Considerations

See Chinese version below [中文版参阅下文].

Further to our last blog post, below are some other considerations for public companies wishing to prepare themselves for unsolicited take-over bids.

Other Considerations

Widely-held companies wishing to prepare in advance to the extent possible should establish, and keep up-to-date, an electronic data room that is readily available if the company wants to respond to an unsolicited offer by soliciting white knights. A take-over bid response team could be formed with members of senior management, possibly a committee of the board of directors, legal and financial advisers, public relations advisers, and proxy solicitation experts. Many widely-held public companies compile a “black book” with strategic plans, draft legal agreements, precedent disclosure documents and other materials that would be needed in the event of an unexpected take-over bid.

其他考虑

继我们上一篇博客, 以下是上市公司应对恶意收购可以做的准备工作。

大多数公司如果希望尽可能提前做好准备的话，则应建立一个电子资料室，并保持资料信息予以即时更新，这样，一旦公司应对未被请求的兼并提案时，立即就可使用这些信息寻找白骑士。组建一个要约收购反应队伍，其中包括公司的高级管理层、董事会专门委员会、公关顾问和代理索价专家。许多股东众多的上市公司会编写“黑皮书”，内容包括：战略计划、草拟的法律协议、先前公布的文件、和其它在突然出现收购时所急需的有关资料。