收購

本條目正在從其他語言的維基百科內容翻譯成中文。
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收购（英語：takeover）是一個商業公司管理學的術語，指透過取得控制性股權而成為一個公司的大股東的過程。

商業收購意指一個公司(收買方)買斷另一個公司(收購目標)。該事件後果類似於合併，不過並沒有形成一個新公司。

[编辑] 發生性

企業收購在美英兩國算家常便飯。在德國因為有董監雙軌制、在日本因為所謂「經連」所有權環環相扣、或者在中國因為政府擁有大部分公開上市公司，所以收購不常發生。

善意收購(friendly takeover) consists of a straight buyout of a company, and happens all the time. The shareholders receive cash or (more commonly) an agreed-upon number of shares of the acquiring company's stock.
恶意收购(hostile takeover)，指收購公司在未經目标公司允許，不管對方是否同意的情况下，所進行的收購活動。当事人双方采用各种攻防策略完成收购行为，並希望取得控制性股權，成為大股東。當中，雙方强烈的对抗性是其基本特点。occurs when a company attempts to buy out another whether they like it or not. A hostile takeover can usually occur only through publicly traded shares, as it requires the acquirer to bypass the board of directors and purchase the shares from other sources. This is difficult unless the shares of the target company are widely available and easily purchased (i.e., they have high liquidity). A hostile takeover may presage a corporate raid.
反收購(reverse takeover) can occur in different forms:
- a smaller corporate entity takes over a larger one. 小公司收購大公司，俗稱「蛇吞象」。
- a private company purchases a public one. 私人公司收買上市公司。
- a method of listing a private company while bypassing most securities regulations, in which a shell public company buys out a functioning private company whose management then controls the public company. 私人公司「買売上市」。