The Role of Target Management in a Tender Offer
The Position in Nigerian Law
Bibliographic Data
| ID | 16766543 |
|---|---|
| Authors | Tunde I Ogowewo, Tunde Ogowewo (corresponding author) |
| Year | 1996 |
| Volume | 40 |
| Issue | 1 |
| Pages | 1-18 |
| Publication date | 1996-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of African Law (JOURNAL) |
| Journal identifiers | ISSN: 0221-8553 • E-ISSN: 1464-3731 |
| Publisher | Cambridge University Press (PUBLISHER • US) |
| DOI | 10.1017/s0021855300007099 |
| OpenAlex | W1974875343 |
| Language | EN |
| References cited | 4 |
A hostile tender offer is the most dramatic occurrence in corporate life. It pits incumbent management against the insurgent who claims to be getting rid of dead wood. The target shareholders usually incur large losses when management succeeds in defeating the offer and the target remains independent. An array of defensive measures have been used as embattled managers have fought to keep their seats. The validity and effectiveness of these measures depend largely on the regulatory scheme for tender offers in the particular jurisdiction and the legal duties of the directors
Business · Corporate governance · Economics · Jurisdiction · Law and economics · Political science · Position (finance) · Shareholder · Tender offer · Corporate Finance and Governance · Corporate Insolvency and Governance · Finance · Law
| Highly cited | No |
|---|