How does the acquisition of a publicly listed company in Germany work, how is the transaction best structured, and what is market practice? How are the various stages of a takeover from the planning to achieving effective control linked together? What are the possible further integration steps through to a complete taking private of the target company?
Written by a practitioner, the purpose of this book is to answer these questions, to introduce the reader to the legal background of public takeovers in Germany and to share the practical experience of the author. This book will assist strategic and financial investors, their investment bankers, lawyers and other advisors to better understand what their German lawyers are advising them.
This book describes the legal framework for listed companies and thereby lays the foundation for understanding the public takeover law itself. It addresses the public-to-private strategies and other options available to an offeror, depending on the outcome of the public takeover transaction.
Finally, this work sets out the relevant German and European laws and regulations, synoptically arranged in both German and English languages. In particular, it contains the complete Securities Acquisition and Takeover Act and all of its related regulations, together with substantial portions of the Stock Corporation Act and many other statutory materials that are highly relevant in public takeover and public-to-private transactions.