Recent reports suggest that after completing its initial public offering Baidu (proposed ticker: BIDU) will be acquired by Google (ticker: GOOG). What does Baidu have to say about this? Here is a discussion of takeover provisions from Baidu's F-1:
"We intend to adopt an amended and restated articles of association
that will become effective immediately upon the closing of this
offering. Currently, we are considering whether to include certain
provisions in our new articles of association that could limit the
ability of others to acquire control of our company. If we decide to
include these provisions, they could deprive our shareholders of the
opportunity to sell their shares at a premium over the prevailing
market price by discouraging third parties from seeking to obtain
control of our company in a tender offer or similar transactions."
Not subscribed to The China Stock Blog? You can get updated headlines for free by adding The China Stock Blog to your My Yahoo page. Just log into your My Yahoo
page, then go to The China Stock Blog and click on the "+ My Yahoo"
button on the top right of your screen. You can do the same for other sites, such as The Internet Stock Blog, ETF Investor, and Sound Money Tips.