Considering the complicated legal issues in public offer , the article mainly analyze the following points : the strategy of the policy , the purpose of the legislation , the target of the legislation , the basic principle of the legislation , partial offer , compelling offer , and limitation on anti offer behaviors 但是在大陆法与英美法中，相应的法理是不同的。在协议收购过程中起到关键性作用的是目标公司的原控股股东，正是由于该股东的股权出让行为，使买壳方得以登堂入室，成为目标公司新的控制权人。
The thesis passes to jiangjing electric power company is in to the annex of the state - owned property with procure process , more difficult a lesson a list price for is concerning state - owned property changing the system , state - owned making price offering for sale problem , change the system for the state - owned business enterprise in norm and state - owned a problem for making price turning letting , heavy celebrated the city hall to out the set the hair of yu [ 1997 ] no . 38 text , yu [ 2001 ] the no . 52 the text successively , change the system to the state - owned business enterprise the problem exsited in the process made the some rules , but the state - owned makes the price offers for sale how fair make the price reasonably , since guarantee the state - owned property protect the value increases in value , guaranteeing the state - owned property again can flow reasonably on the capital market , can make state - owned property got the excellent turning install 在对国有资产的兼并与收购过程中，比较难的一个课题就是关于国有资产改制、国有股作价出让的定价问题，为规范国有企业改制及国有股作价转让的问题，重庆市政府先后出台了渝委发[ 1997 ] 38号文、渝府发[ 2001 ] 52号文，对国有企业改制过程中存在的问题作了一些规定，但是国有股作价出让时如何公正合理地作价，既保证国有资产的保值增值，又保证国有资产在资本市场上能合理地流动，使国有资产能得到优化配置。在作价方法的选择方面，由于可比较公司分析法与可比较交易分析法必须要有较为发达资本市场，较多的案例，对于国内目前国有资产的交易来说，还缺乏足够的案例支撑。
Even though these activities are considered by some economists as will waste more social resources and lead to inefficiency , they can offer a kind of outside supervision over managers with the target company , which can enable the capital in stock to enter the market for increment , better the deposition of resources , and improve the reconstruction of the elements in market 的利益都会产生影响，但是并组益各方在收购过程中的地位是各不相同的，一定程度上存在着冲突。要约收购中目标公司的少数股东面临着被剥削和受压迫的危险，收购公司股东也有受其经营者滥用权利之害的可能。
