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Title:PREVZEM DRUŽBE X S POVEČANJEM OSNOVNEGA KAPITALA
Authors:Rosenfeld, Črt (Author)
Markovič Hribernik, Tanja (Mentor) More about this mentor... New window
Files:.pdf UNI_Rosenfeld_Crt_2011.pdf (254,51 KB)
 
Language:Slovenian
Work type:Final seminar paper (mb14)
Organization:EPF - Faculty of Business and Economics
Abstract:Ker je prevzem družbe povezan s finančnimi viri, smo sestavili dve osrednji poglavji. Prvo poglavje govori o prevzemih, opredeljuje definicijo prevzemov in opiše zakonodajo, ki v Sloveniji velja za prevzeme. Poleg ostale zakonodaje je osrednji zakon zakon o prevzemih, ki opredeljuje pravila in nadzor pri prevzemih. Pomembno je, kdaj družbe, ki prevzemajo, dosežejo prevzemni prag in kdaj je potrebno upoštevati prevzemno zakonodajo. Z objavo prevzema povabimo obstoječe investitorje k prodaji svojih delnic ciljne družbe – tarče. Poseben status v naši zakonodaji imajo manjšinski delničarji, ki smo ga tudi opredelili in izpostavili. Pri vsakem načrtovanem prevzemu imamo omejitve, ki jih moramo zaznati in opredeliti, da lahko prevzem izpeljemo. Pomembno je, ali smo s ciljno družbo – tarčo v kakršnemkoli dogovarjanju v zvezi s prevzemom, kajti takšne aktivnosti moramo prijaviti nadzorniku, ki je hkrati tudi regulator tega trga. Poleg nadzornikov imamo še borzo vrednostnih papirjev, centralni register vrednostnih papirjev in banke. Veliko pozornost smo posvetili analizi premoženjskega stanja ciljne družbe - tarče, njenim bilancam ter sinergijam obeh družb. Prikazali smo prevzemno namero in ponudbo s poudarkom na njuni vsebini in načrt oblikovanja prevzemne cene. Analizirali smo tudi naše premoženjsko stanje po prevzemu in po dokapitalizaciji, ki jo obravnavamo v naslednjem poglavju. V našem primeru pomeni dokapitalizacija povečanje osnovnega kapitala in prodajo celotne emisije novoizdanih delnic investicijski banki, ki tako pridobljene delnice proda na sekundarnem trgu vrednostnih papirjev in doseže razliko v ceni. Novoizdane delnice smo uvrstili na Ljubljansko borzo vrednostnih papirjev. Vloga regulatorja in nadzornika je tudi v tem poglavju velika.
Keywords:prevzem, prevzemni prag, prevzemna zakonodaja, ciljna družba – tarča, manjšinjski delničarji, regulator trga, borza vrednostnih papirjev, prevzemna namera, prevzemna ponudba, dokapitalizacija, emisija novoizdanih delnic, sekundarni trg vrednostnih papirjev
Year of publishing:2011
Publisher:[Č. Rosenfeld]
Source:Maribor
UDC:658.14/.17
COBISS_ID:10875420 Link is opened in a new window
NUK URN:URN:SI:UM:DK:QR67GPOA
Views:2455
Downloads:221
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Categories:EPF
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Secondary language

Language:English
Title:ACQUISITION OF A COMPANY X WITH AN INCREASE OF SHARE CAPITAL
Abstract:The acquisition of a company needs appropriate funding and this is why we introduced this problem in two main chapters. The first chapter reveals the definition of company acquisitions and Slovenian legislature in this particular subject. The most important legal act in Slovenian acquisition law is The Takeovers act and it determines the rules and regulation for acquisitions. It is very important when the company reaches the takeover threshold and when it is obliged to consider the acquisition law. When a company announces an acquisition, it actually invites all investors of a target company to sell their shares. Our research showed that minority shareholders have a special status. In order to successfully finish an acquisition, there are some obstacles that we have to consider. If there are any agreements about the acquisition with a target company, the acquirer has to give notice to the supervisor who also regulates the market. Among the supervisor there are also others such as the Ljubljana Stock Exchange, Central Securities Depo Facility and banks. We dedicated our attention to analyzing the balance-sheet of a target company and to showing the synergies between the acquirer and a target company. We also gave an example of an acquisition intention and an acquisition offer. In the second chapter we furthermore analyzed the balance-sheet of an acquirer, after the acquisition and after the increase of capital stock. In our example increasing the capital stock means an increase of share capital and the sell of the whole emission to the investment bank, which sells the shares on the secondary securities market and makes a profit through the difference in price. The whole emission was offered to trading at the Ljubljana Stock Exchange.
Keywords:acquisition, takeover threshold, acquisition legislature, target company, minority shareholders, supervisor, stock exchange, acquisition intention, acquisition offer, increase of capital stock, emission, secondary securities market


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