This 9 page paper discusses whether or not a U.K. company can protect itself from a hostile takeover, and argues there is little it can do. The writer examines both EU and UK law with regard to the question and argues that the only real power available to the authorities in the situation occurs when a dominant position can be gained. There are 9 sources listed in the bibliography.
Name of Research Paper File: TS14_TEhostak.rtf
Unformatted Sample Text from the Research Paper:
though the capital growth of the share value, and an ability to realise that growth by selling the shares, alternatively they may be looking at dividends as an income. Finally
they may be seen to have other reasons, they may have a interest in the company for other reasons. This is the reason that many football club shares do so
well on the stock market, they do not create any real profit in the most part, they are a sentimental purchase. When we look at the ownership of shares there
are some interesting factors we need to consider. As an investment the shareholder has an interest in the com[any, the influence that they may have may be seen as dependant
on the percentage of shares that they own. For example, is a shareholder owns more than fifty percent of the shares, then they may enforce many of their options onto
the company and dictate company policy. The shares are a form of property. Property belongs to the owner, and as such may be disposed of as the owner wishes, as
long as that disposal is within the law. For example, we cannot dispose of a care we no longer want by dumping it into a lake. This contravenes environmental laws.
The same applies to shares, they are the owners to use as he or she wishes, and they may dispose of them. However, it can be argued that there are
environmental conditions that need to be maintained in the interests of society. For example, we may argue that is one company was to start to buy shares in their competitors
until they had a stake in each competitor large enough to influence policy, they may end up monopolising the market. This is not in the interests of the commercial environment