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
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: Suggested Citation