The Share Repurchase of the Target Company and Protection of the Interests of Minority Shareholders: From the Perspective of Anti-takeover Strategies

As one of the anti-takeover strategies of listed companies,the share repurchase is closely related to the interests of minority shareholders.All that the imperfect Information disclosure system,the non-standardized and incomplete share repurchase operations are to damage the interests of minority shareholders.However,it is vital for us to improve the information disclosure system and to define share repurchase behavior of listed companies for the purpose of a balance between takeover defense and protection of the interests of minority shareholders.