[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.nargila.cz\/jak-se-mohou-firmy-branit-proti-nepratelskemu-prevzeti\/#Article","mainEntityOfPage":"https:\/\/www.nargila.cz\/jak-se-mohou-firmy-branit-proti-nepratelskemu-prevzeti\/","headline":"Jak se mohou firmy br\u00e1nit proti nep\u0159\u00e1telsk\u00e9mu p\u0159evzet\u00ed?","name":"Jak se mohou firmy br\u00e1nit proti nep\u0159\u00e1telsk\u00e9mu p\u0159evzet\u00ed?","description":"Existuje v\u00edce zp\u016fsobu obrany proti nep\u0159\u00e1telsk\u00e9mu p\u0159evzet\u00ed. Z\u00e1le\u017e\u00ed pouze na samotn\u00e9m podniku, jak se rozhodne...","datePublished":"2025-03-07","dateModified":"2023-04-29","author":{"@type":"Person","@id":"https:\/\/www.nargila.cz\/author\/#Person","name":"","url":"https:\/\/www.nargila.cz\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/591310831c6f562dead2685065c7bfb166baf64da6e0332ad9d0a2e9c6c14446?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/591310831c6f562dead2685065c7bfb166baf64da6e0332ad9d0a2e9c6c14446?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"nargila.cz","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.nargila.cz\/wp-content\/uploads\/img_a314268_w1885_t1525029787.jpg","url":"https:\/\/www.nargila.cz\/wp-content\/uploads\/img_a314268_w1885_t1525029787.jpg","height":0,"width":0},"url":"https:\/\/www.nargila.cz\/jak-se-mohou-firmy-branit-proti-nepratelskemu-prevzeti\/","wordCount":394,"articleBody":"Existuje v\u00edce zp\u016fsobu obrany proti nep\u0159\u00e1telsk\u00e9mu p\u0159evzet\u00ed. Z\u00e1le\u017e\u00ed pouze na samotn\u00e9m podniku, jak se rozhodne tuto situaci \u0159e\u0161it. Jednotliv\u00e9 zp\u016fsoby jsou tedy rozeps\u00e1ny v\u00a0n\u00e1sleduj\u00edc\u00edm \u010dl\u00e1nku.\tPasivn\u00ed zp\u016fsoby obrany proti nep\u0159\u00e1telsk\u00e9mu p\u0159evzet\u00ed:\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Pl\u00e1n zam\u011bstnaneck\u00e9ho vlastnictv\u00ed akci\u00ed \u2013znamen\u00e1 to, \u017ee spole\u010dnost p\u0159isp\u00edv\u00e1 do fondu vlastn\u00edmi akciemi \u010di hotovost\u00ed na vlastn\u00ed akcie, d\u00edky \u010demu\u017e se zam\u011bstnanci st\u00e1vaj\u00ed z\u00e1rove\u0148 vlastn\u00edky spole\u010dnosti.\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Jedov\u00e9 pilulky \u2013v\u00a0tomto p\u0159\u00edpad\u011b se jedn\u00e1 o cenn\u00e9 pap\u00edry, kter\u00e9 jsou vyd\u00e1van\u00e9 potenci\u00e1ln\u011b p\u0159eb\u00edran\u00fdm neboli napaden\u00fdm subjektem, a to za \u00fa\u010delem sn\u00ed\u017een\u00ed hodnoty firmy pro \u00fato\u010d\u00edc\u00ed subjekt, kter\u00fd usiluje o nep\u0159\u00e1telsk\u00e9 p\u0159evzet\u00ed.\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Zlat\u00e9 pad\u00e1ky \u2013znamen\u00e1 tvorbu atraktivn\u00edch podm\u00ednek, p\u0159ev\u00e1\u017en\u011b t\u011bch finan\u010dn\u00edch, pro st\u00e1vaj\u00edc\u00ed management, kter\u00e9 v\u0161ak zaji\u0161\u0165uj\u00ed vymo\u017eenosti i pro odch\u00e1zej\u00edc\u00ed management po p\u0159evzet\u00ed.\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Dodatky ke spole\u010densk\u00e9 smlouv\u011b \u2013jedn\u00e1 se o dodatky t\u00fdkaj\u00edc\u00ed se nap\u0159\u00edklad stanoven\u00ed minim\u00e1ln\u00ed odkupn\u00ed ceny akci\u00ed minoritn\u00edch akcion\u00e1\u0159\u016f po p\u0159evzet\u00ed, o stanoven\u00ed supermajoritn\u00edho hlasov\u00e1n\u00ed rady a jej\u00edho slo\u017een\u00ed, \u010di o du\u00e1ln\u00ed kapitalizaci akci\u00ed.\tAktivn\u00ed zp\u016fsoby obrany proti nep\u0159\u00e1telsk\u00e9mu p\u0159evzet\u00ed:\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 B\u00edl\u00fd ryt\u00ed\u0159 \u2013jedn\u00e1 se o zp\u016fsob, kdy napaden\u00e1 firma hled\u00e1 spojence zvan\u00e9ho b\u00edl\u00fd ryt\u00ed\u0159, a to p\u0159edev\u0161\u00edm jako alternativn\u00edho kupce p\u0159i tendru \u00fato\u010d\u00edc\u00ed spole\u010dnosti. Proto by se m\u011blo jednat o sp\u0159\u00e1telen\u00fd subjekt, u kter\u00e9ho management p\u0159edpokl\u00e1d\u00e1 odli\u0161n\u00e9 chov\u00e1n\u00ed, ne\u017e by tomu bylo u \u00fato\u010dn\u00edka.\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 B\u00edl\u00fd kaval\u00edr \u2013znamen\u00e1 do\u010dasn\u00e9 um\u00edst\u011bn\u00ed akci\u00ed do p\u0159\u00e1telsk\u00e9ho subjektu pouze na dobu, ne\u017e pomine nebezpe\u010d\u00ed.\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Zelen\u00e1 po\u0161ta \u2013znamen\u00e1 nab\u00eddku napaden\u00e9 spole\u010dnosti na zp\u011btn\u00fd odkup sv\u00fdch akci\u00ed \u00fato\u010d\u00edc\u00edho subjektu za pr\u00e9miovou cenu.\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Zm\u011bna ve struktu\u0159e pasiv \u2013znamen\u00e1 to, \u017ee se firma zadlu\u017e\u00ed, nebo\u0165 jej\u00edm zadlu\u017een\u00edm kles\u00e1 tak\u00e9 jej\u00ed atraktivita.\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Pac-Man obrana \u2013pro vyu\u017eit\u00ed tohoto zp\u016fsobu je z\u00e1kladn\u00ed podm\u00ednkou dostate\u010dn\u00e1 kapit\u00e1lov\u00e1 rezerva firmy. Napaden\u00fd pak oplat\u00ed \u00fato\u010dn\u00edkovi stejnou aktivitou \u2013 tak\u017ee za\u010dne skupovat jeho akcie.                                                                                                                                                                                                                                                                                                                                                                                        5\/5 - (1 vote)        "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Jak se mohou firmy br\u00e1nit proti nep\u0159\u00e1telsk\u00e9mu p\u0159evzet\u00ed?","item":"https:\/\/www.nargila.cz\/jak-se-mohou-firmy-branit-proti-nepratelskemu-prevzeti\/#breadcrumbitem"}]}]