{"id":1550,"date":"2007-12-02T12:45:31","date_gmt":"2007-12-02T12:45:31","guid":{"rendered":"http:\/\/www.moreiramenezes.com.br\/publicacao\/a-utilizacao-do-instituto-da-incorporacao-de-acoes-como-forma-de-burlar-a-exigencia-legal-de-opa-para-fechamento-de-capital-2\/"},"modified":"2022-03-18T13:52:26","modified_gmt":"2022-03-18T13:52:26","slug":"the-use-of-the-merger-of-shares-mechanism-as-a-way-to-circumvent-the-legal-requirement-for-a-pto-to-take-companies-private","status":"publish","type":"post","link":"http:\/\/moreiramenezes.com.br\/en\/the-use-of-the-merger-of-shares-mechanism-as-a-way-to-circumvent-the-legal-requirement-for-a-pto-to-take-companies-private\/","title":{"rendered":"The use of the merger of shares mechanism as a way to circumvent the legal requirement for a PTO to take companies private"},"content":{"rendered":"

This article presents an analysis of the legality of carrying out the incorporation of shares in a publicly held company to avoid carrying out a public offering to cancel the registration of a publicly held company. In this context, the authors expose the legislative evolution that took place around the registration of a publicly held company and its respective cancellation, as well as the practices adopted by controlling shareholders to carry out the \u201cdelisting\u201d of publicly held controlled companies. Finally, the authors present the understanding of the CVM on the subject, as well as suggest a way to extinguish the practice of \u201cwhite closing of capital\u201d in the Brazilian market.<\/p>\n

Click to access the full content<\/a><\/p>\n

Francisco da Costa e Silva<\/em><\/p>\n

Carlos Martins Neto<\/em><\/p>","protected":false},"excerpt":{"rendered":"

This article presents an analysis of the legality of carrying out the incorporation of shares in a publicly held company to avoid carrying out a public offering to cancel the registration of a publicly held company. In this context, the authors expose the legislative evolution that took place around the registration of a publicly held […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1550","post","type-post","status-publish","format-standard","hentry","category-articles"],"yoast_head":"\nThe use of the merger of shares mechanism as a way to circumvent the legal requirement for a PTO to take companies private - Moreira Menezes Martins<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/moreiramenezes.com.br\/en\/the-use-of-the-merger-of-shares-mechanism-as-a-way-to-circumvent-the-legal-requirement-for-a-pto-to-take-companies-private\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The use of the merger of shares mechanism as a way to circumvent the legal requirement for a PTO to take companies private - Moreira Menezes Martins\" \/>\n<meta property=\"og:description\" content=\"This article presents an analysis of the legality of carrying out the incorporation of shares in a publicly held company to avoid carrying out a public offering to cancel the registration of a publicly held company. 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