by Chou Tak-Ki Dicky. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1990. / Bibliography: leaves 55-57. / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF EXHIBITS --- p.v / ACKNOWLEDGEMENT --- p.vi / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- METHODOLOGY --- p.4 / Chapter III. --- A STATISTICAL REVIEW --- p.5 / Chapter IV. --- CASE STUDY 一 HONG KONG AND SHANGHAI HOTELS --- p.10 / Introduction --- p.10 / Background of the Target --- p.10 / The Raider --- p.11 / The Scenario of Takeover --- p.11 / Initiation --- p.11 / Fighting for Control --- p.12 / Climax - The Annual Shareholders Meeting --- p.13 / Trigger Point - 35% --- p.13 / Settle Down --- p.15 / A Review of the Issues --- p.17 / Why Did This Takeover Take Place --- p.17 / Strategy Used --- p.19 / Acting in Concert --- p.20 / Reasons of Failure --- p.21 / Who Are the Winners --- p.21 / The HK Hotels Afterwards --- p.22 / Chapter V. --- PROCEDURES OF TAKEOVERS --- p.24 / Chapter VI. --- "COST, RISK AND BENEFITS IN CORPORATE TAKEOVERS" --- p.26 / Cost --- p.26 / Risk --- p.26 / Benefits --- p.27 / Chapter VII. --- ATTACK AND DEFENSE STRATEGIES --- p.28 / Private Company --- p.28 / Public Company --- p.28 / Takeover Strategies --- p.28 / Public Relations and Advertising --- p.28 / Move Fast --- p.29 / Anti-Takeover Strategies --- p.29 / Active Strategies --- p.29 / Keep Share Price High --- p.29 / Stock Watch --- p.30 / Multiple-Vote Common Stock --- p.30 / Employee Stock Ownership Plans --- p.31 / Golden Parachutes --- p.31 / Reactive Strategies --- p.31 / Anti-Trust Suit --- p.32 / Selling the Crown Jewels --- p.32 / Pac-Man --- p.32 / Greenmail --- p.33 / Chapter VIII. --- THE EFFECTS OF TAKEOVERS ON ECONOMY --- p.34 / Effects on Company and Management --- p.34 / Effects on Stock Prices and Stock Market --- p.36 / Effects on Economy --- p.37 / Effects on a Nation --- p.38 / Chapter IX. --- CONTROL OF TAKEOVERS --- p.40 / Why Control is Needed --- p.40 / Investors --- p.40 / General Public --- p.41 / Nations --- p.41 / Control of Takeovers in Hong Kong --- p.42 / The Hong Kong Code on Takeovers and Mergers --- p.42 / General Principles --- p.43 / Power of the Code --- p.45 / Main Problem with the Code --- p.47 / Possible Future Control --- p.48 / Chapter X. --- ROLE OF MARKET PARTICIPANTS & FUTURE TRENDS CONCERNING MERGERS AND ACQUISITIONS --- p.49 / Hong Kong Government --- p.49 / Management --- p.49 / Merchant Banks --- p.50 / Financial Consultants --- p.50 / Europe Economic Community --- p.51 / Junk Bond --- p.52 / APPENDIX --- p.53 / BIBLIOGRAPHY --- p.55