Mandatory Bid Rule: Impact of Control Threshold on Take-Over Premiums

Singapore Journal of Legal Studies, p. 433-452, 2001

29 Pages Posted: 5 Apr 2005

See all articles by Luh Luh Lan

Luh Luh Lan

National University of Singapore (NUS) - Faculty of Law; National University of Singapore - Department of Strategy & Policy; European Corporate Governance Institute (ECGI)

Yew Kee Ho

National University of Singapore (NUS) - Department of Accounting

Abstract

This paper looks at the recommendation by the Securities Industry Council to revise the mandatory bid threshold in the Singapore Code on Take-overs and Mergers from the present 25% to 30%. It is suggested that the price formation process in Singapore be studied and the welfare implications of such changes be considered before embarking on such revisions.

Keywords: Mandatory bid, threshold, takeover, Singapore

JEL Classification: K22

Suggested Citation

Lan, Luh Luh and Ho, Yew-Kee, Mandatory Bid Rule: Impact of Control Threshold on Take-Over Premiums. Singapore Journal of Legal Studies, p. 433-452, 2001, Available at SSRN: https://ssrn.com/abstract=681858

Luh Luh Lan (Contact Author)

National University of Singapore (NUS) - Faculty of Law ( email )

469G Bukit Timah Road
Eu Tong Sen Building
Singapore, 259776
Singapore

National University of Singapore - Department of Strategy & Policy ( email )

15 Kent Ridge Drive, Singapore
Singapore 119245
Singapore

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

Yew-Kee Ho

National University of Singapore (NUS) - Department of Accounting ( email )

1 Business Link
Singapore, 117592
Singapore

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