Standstill Anla\u015fmas\u0131, bir taraf\u0131n di\u011fer bir taraf \u00fczerinde belirli bir d\u00f6nem i\u00e7in belirli eylemleri\u2014esas olarak hisse biriktirme, tender teklifleri yapma veya vekalet yar\u0131\u015flar\u0131 ba\u015flatma\u2014almas\u0131n\u0131 k\u0131s\u0131tlayan bir s\u00f6zle\u015fmedir. Standstill anla\u015fmalar\u0131 birden \u00e7ok M&A ve kurumsal ba\u011flamda, esas olarak al\u0131c\u0131 taraf\u0131n m\u00fczakereler s\u0131ras\u0131nda payla\u015f\u0131lan gizli bilgileri d\u00fc\u015fmanca bir teklif ba\u015flatmak i\u00e7in kullanmas\u0131n\u0131 \u00f6nlemek i\u00e7in ortaya \u00e7\u0131kar.<\/p>\n
En yayg\u0131n kullan\u0131m M&A m\u00fczakerelerinde NDA<\/a>’larla birliktedir: bir hedef durum tespiti<\/a> i\u00e7in potansiyel bir al\u0131c\u0131yla gizli bilgi payla\u015ft\u0131\u011f\u0131nda, taraflar potansiyel al\u0131c\u0131n\u0131n \u015funlar\u0131 yapmas\u0131n\u0131 yasaklayan bir standstill yapar: tan\u0131mlanm\u0131\u015f bir e\u015fi\u011fin \u00fczerinde hedef hisselerini biriktirmek (genellikle %5), istenmeyen teklifler yapmak, vekalet yar\u0131\u015flar\u0131na kat\u0131lmak veya ba\u015fka \u015fekilde belirli bir d\u00f6nem (tipik olarak 12-24 ay) i\u00e7in edinme bask\u0131s\u0131 uygulamak. Standstill, hedefi dost\u00e7a bir durum tespiti s\u00fcrecinin sonraki bir d\u00fc\u015fmanca teklif i\u00e7in temel olma \u00e7ok ger\u00e7ek riskinden korur.<\/p>\n Standstill anla\u015fmalar\u0131 aktivist yat\u0131r\u0131mc\u0131larla yap\u0131lan uzla\u015fmalarda da g\u00f6r\u00fcn\u00fcr. Bir aktivist bir vekalet yar\u0131\u015f\u0131n\u0131 veya di\u011fer bask\u0131 taktiklerini d\u00fc\u015f\u00fcrmeyi kabul etti\u011finde, standstill aktivisti belirli bir d\u00f6nem (tipik olarak 2-3 y\u0131l) i\u00e7in bu taktiklerden ka\u00e7\u0131nmaya taahh\u00fct eder, genellikle y\u00f6netim kurulu<\/a> koltuklar\u0131, hisse geri al\u0131mlar\u0131 veya di\u011fer m\u00fczakere edilen taahh\u00fctler kar\u015f\u0131l\u0131\u011f\u0131nda. Standstill \u015firkete m\u00fczakere kesinli\u011fi ve operasyonel alan sa\u011flar; aktivist s\u00fcrekli \u00e7at\u0131\u015fma olmadan anla\u015f\u0131lan sonu\u00e7lar\u0131 al\u0131r.<\/p>\n Standstill haz\u0131rlama \u015funlar\u0131 ele al\u0131r: kapsanan eylemler (hisse biriktirme, kurul adayl\u0131klar\u0131, i\u015f kombinasyonlar\u0131 dahil belirli liste), y\u00fczde biriktirme i\u00e7in e\u015fikler, s\u00fcre, “d\u00fc\u015fme” h\u00fck\u00fcmleri (hedef ba\u015fka bir tarafla anla\u015fma imzalarsa serbest b\u0131rakma\u2014standstill’in silahland\u0131r\u0131lmas\u0131n\u0131 \u00f6nleme), kamu a\u00e7\u0131klama k\u0131s\u0131tlamalar\u0131 ve ihlal i\u00e7in \u00e7areler (ihtiyati tedbir art\u0131 tazminatlar). Son Delaware mahkemesi kararlar\u0131 (\u00f6rn. Mac-Gray, K-V Pharmaceutical) atlatmaya \u00e7al\u0131\u015fan potansiyel al\u0131c\u0131lara kar\u015f\u0131 standstill’leri titizlikle uygulad\u0131. T\u00fcrkiye’de standstill d\u00fczenlemeleri \u00f6ncelikle T\u00fcrk hedeflerle uluslararas\u0131 i\u015flemlerde ger\u00e7ekle\u015fir; \u00e7o\u011fu halka a\u00e7\u0131k \u015firketteki konsantre aile sahipli\u011fi g\u00f6z \u00f6n\u00fcne al\u0131nd\u0131\u011f\u0131nda yerli T\u00fcrk devralma<\/a> sava\u015flar\u0131 nadirdir.<\/p>\n","protected":false},"excerpt":{"rendered":" TLDR: Standstill Anla\u015fmas\u0131, bir taraf\u0131n di\u011fer bir taraf \u00fczerinde belirli bir d\u00f6nem i\u00e7in belirli eylemleri\u2014esas olarak hisse biriktirme, tender teklifleri yapma veya vekalet yar\u0131\u015flar\u0131 ba\u015flatma\u2014almas\u0131n\u0131 k\u0131s\u0131tlayan bir s\u00f6zle\u015fmedir. Standstill anla\u015fmalar\u0131 birden \u00e7ok M&A ve kurumsal ba\u011flamda, esas olarak al\u0131c\u0131 taraf\u0131n m\u00fczakereler s\u0131ras\u0131nda payla\u015f\u0131lan gizli bilgileri d\u00fc\u015fmanca bir teklif ba\u015flatmak i\u00e7in kullanmas\u0131n\u0131 \u00f6nlemek i\u00e7in ortaya \u00e7\u0131kar. […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-12620","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=12620"}],"version-history":[{"count":1,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12620\/revisions"}],"predecessor-version":[{"id":12890,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/12620\/revisions\/12890"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=12620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=12620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Aktivizm Savunmas\u0131nda Standstill<\/h3>\n
Haz\u0131rlama ve Uygulama<\/h3>\n