Aufsätze Ökonomik

Aufsätze Pädagogik

Aufsätze Sozialethik


Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.

Abhandlungen über Johann Heinrich Jung-Stilling

Nachtodliche Belehrungen zur Ökonomik

Nachtodliche Belehrungen zu Persönlichkeiten

Nachtodliche Belehrungen zur Philosophie

Nachtodliche Belehrungen zur Theologie

Nachtodliche Belehrungen zu verschiedenen Themen


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.
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