- SSRN Id:
- Takeovers; targets; pressure; tender offers; for tender anti-takeover arrangements; anti-takeover statues; minority shares; freeze outs; bid price; voting
This paper provides a compact account of the problem of distorted choice in corporate takeovers. (A more detailed account is provided in, "Towards Undistorted Choice and Equal Treatment in Corporate Takeovers"). I analyze how the tender decisions of shareholders facing a takeover bid might be distorted. I also put forward an approach for addressing this problem, as well as analyze several alternative remedies.