Alteração de circunstâncias no âmbito de uma OPA em curso

Abstract

The present study will focus on the change of circumstances in the context of an ongoing takeover bid. The analysis will be based on the potential application of the article 128º CVM, which legitimizes the exercise by the offeror of the faculties of modification or revocation of the offer, before an unpredictable and substantial change in the circumstances that founded its decision to launch. The fulfillment of these indeterminate concepts by the offerors is made in the preliminary announcements of the takeover. Therefore, throughout the work, we will proceed to the understanding if in fact the occurrence of those situations legitimizes the exercise of such powers by those subjects.

Date of Award	18 Sept 2017
Original language	Portuguese
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Daniela Baptista (Supervisor)