近日,要约收购第一实践者南钢股份(600282)以零预受结局,其身后留下了褒贬不一的众多评说。形式重于内容,还是内容重于形式,要约收购是否真正推动了中国并购市场的发展? 《上市公司收购管理办法》已经为要约收购提供了可以成长的土壤,接下来要做的就是不断使其得到实践、完善和发展。 作为上市公司收购的一种制度安排,要约收购包含部分主动性要约与全面强制性要约两种主要类型。 Recently, the tender offer of the first practitioner Nangang shares (600282) to predict the outcome with zero, which left behind a number of mixed reviews. Form is heavier than content or content is more than form. Does the takeover really promote the development of China’s M & A market? The Measures for the Administration of Takeover of Listed Companies have provided a soil for growth in the takeover bid. The next step is to constantly make it Get practice, improve and develop. As a kind of institutional arrangement for the acquisition of listed companies, the tender offer contains two major types of active offer and full mandatory offer.