Creeping (stalking)

The (currently still existing) possibility to build up an already considerable position in a stock corporation without being subject to a notification obligation by – purchasing up to 2.99 percent (from 3 percent there is a notification obligation according to Section 25 WpHG) of the shares of a company and – simultaneously acquiring up to 4.99 percent (here the limit for the notification obligation is 5 percent) of other financial instruments. An aggregation is to be prescribed by the planned amendment to Section 25, Paragraph 2 of the German Securities Trading Act (WpHG). Meanwhile, there are also a number of other ways to sneak up on a company. – See shareholder vote hunting, suitors, mergers and acquisitions, greenmail, war chest, macaroni defense, material adversarial change clause, nominee, radar surveillance, shark watcher, voting rights disclosure, voting rights database, transparency directive, takeover, hostile, takeover appeal.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/