要约收购分类研究

从收购方发出收购要约是自愿还是法律强制规定等几个角度对要约收购分类进行详细阐述，使各国在对要约收购方式立法时能根据本国国情有所选择、有所侧重，从而将资源优化配置与中小股东权益保护相结合，实现效率与公平在立法及实施上的平衡。

Study on the Classification of Tender Offer

The paper describes the categorization of tender offers in detail,considering whether the offer by the acquirer is voluntary or mandatory by law.These make states can focus on key problems in accordance with its own national conditions when they make legislation for tender offer method.Thus,we can combine the optimal allocation of resources and minority shareholders' protection and achieve the balance between efficiency and equity on the legislation and its implementation.