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绩差上市公司(以下简称目标公司)是指通过不规范运作而隐瞒重大事项,内在质量差,经营难以为继的企业。目标公司的信息资料真真假假交杂在一起,呈现出“灰色状态”(即黑白莫辨)。证券市场的许多事实说明,目标公司的灰色状态潜藏着一定的投资风险。在收购过程中,交易双方对有关收购信息的掌握是不对称的。买方不
Underperforming listed companies (hereinafter referred to as the target company) refer to enterprises that conceal major issues through non-standard operation, which have poor internal quality and are difficult to sustain. The target company’s true and false information mixed with information, showing a “gray state ” (that is, black and white Mo Mo discrimination). Many facts about the stock market show that the gray state of the target company lurks a certain investment risk. In the process of the acquisition, both parties to the transaction are asymmetrical about the acquisition information. The buyer does not