This article appeared in the 2012 edition of The International Comparative Legal Guide to: Mergers & Acquisitions 2012; published by Global Legal Group Ltd, London
9 OTHER USEFUL FACTS
9.1 What are the major influences on the success of an acquisition?
The most important influence is to plan the process well in advance, taking into account all the necessary steps. Good tax and legal advice are essential here. The offered price, together with the statement of the board of directors and the supervisory board of the target, also play important roles.
In the process of acquiring a limited liability company or a non-traded joint-stock company, good transactional documents (SPA) are essential.
9.2 What happens if it fails?
Even when the bid fails, the information duty regarding the takeover bid is unaffected. The information shall be published as a prospectus and delivered to the target.
If the bid fails, the applicable law prohibits the bidder from bidding further for the target for one year from the publication of the bid's failure.
10.1 Please provide a summary of any relevant new law or
There are no new laws or practices in M&A in the Czech Republic which were not mentioned in the previous sections.
To read Part 1 of this article please click the 'Previous Page' link below