This book studies takeovers from the acquirer's perspective. More precisely, the book focuses on the UK's legal and regulatory treatment of the risks faced by the acquiring company shareholders in takeovers. The identified risks are categorized into two main groups - risks generated by managerial choices and regulatory or external risks. The analysis considers the legal context, but also draws on the economic literature, seeking to map the area under consideration and to suggest measures to improve the present position from both legal and economic perspectives. The book examines various...
This book studies takeovers from the acquirer's perspective. More precisely, the book focuses on the UK's legal and regulatory treatment of the risks ...
This book adopts a historical perspective to highlight, and bring back into focus, the key features of the modern company. A central argument in the book is that legal personhood attaching to an entity containing a corporate fund seeded by shareholders is a direct and inevitable consequence of limited liability and the company’s status as a separate legal entity from its shareholders. Management by a board subject to legal duties to the company as an entity that can exist in perpetuity facilitates a long term perspective by the board that can accommodate both shareholder and stakeholder...
This book adopts a historical perspective to highlight, and bring back into focus, the key features of the modern company. A central argument in the b...