Markets for corporate control should be allowed to function in an efficient andtransparent manner.1. The rules and procedures governing the acquisition of corporate control in thecapital markets, and extraordinary transactions such as mergers, and sales ofsubstantial portions of corporate assets, should be clearly articulated anddisclosed so that investors understand their rights and recourse. Transactionsshould occur at transparent prices and under fair conditions that protect therights of all shareholders according to their class.
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