id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cjal-3181	Chun, Benjamin	A Brief Comparison of the Chinese and United States Securities Regulations Governing Corporate Takeovers	2019	24	.pdf	application/pdf	9874	547	59	The target shareholders can withdraw their acceptance and can participate on a pro rata basis.1t - Finally, the tender offeror cannot buy target shares while the tender offer is outstanding.126 C. Implications for Corporate Governance The implications for corporate governance are that while the Chinese system provides greater protection from hostile takeovers for the target shareholders, it insulates the management of a publicly-listed company from external threats to their continued employment should the market 121. Prospective bidders monitor the performance of managerial teams by comparing a corporation's potential value with its value (as reflected by share prices) under current management.	cache/cjal-3181.pdf	txt/cjal-3181.txt