要约收购作为当今国际社会流行的重要收购模式,也存在力不从心的地方,需要强制要约收购予以弥补。在上市公司收购过程中,实施强制要约收购的目的是保护中小股东的利益,在一定程度上减轻要约收购存在的局限性。本文从各国的立法例出发,归纳出其基本的法律特征,并且通过对强制要约收购各种概念进行比较分析,以期最终得出其概念的真正涵义。%Tender offer,which is considered as the most popular acquisition model in the international community.However,there also exists some defects to be complimented by compulsory tender offer.During the process of acquisition of listed corporations,the practice of compulsory tender offer is for the purpose of protecting the interests of shareholders and alleviating limitations of the tender offer to a certain extend.Taking the national legislation as an example,this paper sumerizes the basic law features,and through comparative analysis of the compulsory offer,the author tries to explain the true meaning of such concepts.
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