Mandatory Tender Offers Under The Communique Serial IV, No: 8 By Capital Markets Board Of Turkey

İlhan DİNÇ*…

I.PRELIMINARY REMARKS

Tender offers, or takeover bids(1) in British vernacular, have been coming to the attention of the public more and more due to the increase in mergers and acquisitions (M&A transactions) of publicly held corporations. Several techniques have been used for gaining control of a publicly held corporation. During the 1950’s and early 1960’s the proxy battle has been used as ultimate weapon for obtaining the control(2).…

The tender offers have been regulated both in comparative law and domestic regulations.…