03.04.2013 Views

going private transactions in going private transactions in france

going private transactions in going private transactions in france

going private transactions in going private transactions in france

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

In this context, appeal of a <strong>go<strong>in</strong>g</strong> <strong>private</strong> transaction<br />

for all parties <strong>in</strong>volved:<br />

target’s shareholders: better price for their shares;<br />

managers: less time spent on f<strong>in</strong>ancial communications;<br />

focus on manag<strong>in</strong>g the company; more emphasis on<br />

strategic t t i long l and d medium-term di t decisions; d i i executive ti<br />

profit-shar<strong>in</strong>g mechanisms;<br />

companies: reduction of agency conflicts and costs<br />

with<strong>in</strong> the firm; non-disclosure of sensitive <strong>in</strong>formation to<br />

competitors; simplification of certa<strong>in</strong> <strong>transactions</strong><br />

(mergers; dissolution without liquidation; transfer of<br />

registered g office overseas). )<br />

22

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!