Chapter

Mergers and Acquisitions in Germany: Social Setting and Regulatory Framework

Frank A. Schmid and Mark Wahrenburg

in The German Financial System

Published in print March 2004 | ISBN: 9780199253166
Published online January 2005 | e-ISBN: 9780191601651 | DOI: http://dx.doi.org/10.1093/0199253161.003.0009
 Mergers and Acquisitions in Germany: Social Setting and Regulatory Framework

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Reviews the social setting and the regulatory framework for mergers and acquisitions in Germany. Past and existing takeover regulation is discussed against the backdrop of the German concept of Soziale Marktwirtschaft and recent financial modernisation in Germany. Case studies highlight important idiosyncratic regulatory and social aspects of transfers of cash flow rights on complex assets in Germany. Provides an extensive survey of past and existing takeover barriers, including the German system of codetermination.

Keywords: codetermination; financial modernisation; mergers and acquisitions; Soziale Marktwirtschaft; takeover barriers; takeover regulation

Chapter.  12430 words. 

Subjects: Financial Markets

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