完美的并购曲线应该是这个形状The perfect M a curve should be this shapeWord下载.docx

完美的并购曲线应该是这个形状The perfect M a curve should be this shapeWord下载.docx

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Intoday'

sworld,mergersandacquisitionsarefour!

Inthepast2010August,globalM&

Atransactionssince2007fiveyearsofrecord,reaching$285billion,thefinancialmainstreammediahavetoAugust,globalM&

a"

Crazy"

AugustacquisitionofsurgingpricetransactionsandotherexaggeratedtitletodescribethisyearAugustinternationalmergersandacquisitionsinChinese,hot,ourcompaniesareafraidtoshowweakness,justhappenedinAugustChinaledbythemergerofenterprisesreached46,thetotaltransactionamountof$90.45,whiletheshareofglobalproportionoftotalturnoverisnotbig,butitrevealedtheacquisitionofChina'

senterprisesgrowingenthusiasm.

Somepeoplesaythatmergersandacquisitionscannotcreatevaluefortheenterprise,isthereasonforthehighfailurerateofmergersandacquisitionswillaffectthecorporatevalueadded,butthisdidnotseemtoaffectthosewhoarekeenonmergersandacquisitionsofenterprises,theyseemaboutthemergerjustturningadeafear,perhapstheyinfearwhenothersdarenotMampAsecretlydelighted,becausetheyaredoingmergersandacquisitionsright.

Themergerisadouble-edgedsword,thosewhohavenotmasteredtheknackofM&

abusinessislike,donotunderstandtheswordpracticetips,M&

Abothloveandfear,onlythosewhounderstandthetruemeaningandessenceoftheenterprisemergerandacquisitiontotheacquisitionofgoodskillfulwieldingExcalibur,whichwinstheworld,allorders!

WhatisthetruemeaningandthesecretofM&

A?

Ilikeyou,alwaysinsearchandverifythesuccessoftheenterprisemerger,themergerwillnoteasilyputthetipstotellus,andeachindustryandenterpriseshavedifferentmergerandacquisitionenvironment,simpleimitationisnotreliable,itseemsonlytheirconcentratedpractice,canfindscriptures.

Aftertheacquisitionofresearchandpracticeofafewyears,IsummarizeasetofM&

atacticalsystem,here,IhavemanyideastomergersandacquisitionsanddemandofenterprisestosharesomemergersandacquisitionsasadiscussionoftheScriptures.

NowChinamergersandacquisitionsofenterprisesmainlyconcentratedinthelistedcompanies,mergersandacquisitionsbetweenthelargecentralenterprisesintransnationalmergerandacquisitionofresourcesandsomestrongprivateenterprisesmergersandacquisitionsintegrationactivities,thesemergersandacquisitionsconstituteChina'

sM&

afieldofthreedifferentscenery,butonethingisforsure,nomatterwhatisthetypeofmerger,acquisitionandoperationisunchanged!

Acompletetransactioncanbegenerallydividedintothreestages,respectivelyisthepreparation,implementation,mergerandacquisitionintegration,traditionalMampAtransactionsgenerallyonlypayattentiontothemiddlemergerimplementationstage,mergersandacquisitionsforthepreparationandintegrationstageoftendonotpayenoughattentionto,thusformingalargeandintermediatetwosmallsimilar"

shuttle"

mergersandacquisitioncurveshape,thisisnotthemostreasonable,andevencanbesaidtobeaseriousmistake,forthefollowingreasons

Firstofall,Forewarnedisforearmed.,M&

Aisamatterofenterprisestrategywillignorethefateofvitalimportance,acquisitionofpreparatoryworkbeforethepreparatoryworkhasnotbeenfullypreparedtotakeontheM&

Aaction,thisisundoubtedlyaseriouserrorofthestrategy,istheso-called:

fightnobattlebyabattle.Prepare,moretimely,morefully,thevictoryofthebattleofthegreatergrasp,sothepremergerpreparationshouldmakegreateffortstodosolidandeffective,toaccumulatesteadilyblockbuster,onlyearlyenoughintheprocessofpreparation,implementationofmergersandacquisitionsinordertoease,preparedagainstwantanswers.

Secondly,thereasononlypayattentiontotheprocessofMampAexecution,toacertainextentrelatedtothecurrentstatusofthetransaction,inadditiontothegeneralenterprisesinvolvedinmergersandacquisitions,mergersandacquisitionsisalargenumberofintermediaries,includinginvestmentbanks,lawyers,accountants,appraisers,consultantsandsoon,theseinstitutionsinvolvedinmergersandacquisitionswillleadtobiastheexecutionstage,becauseonlymergersandacquisitions,mergersandacquisitionsoftheseintermediarycanearnalotofmoney,transactionfees,andinthepreparationphase,theagencyisnotinvolvedinthepostmergerintegrationphase,theyalsohavebeenruledout,inotherwords,theacquisitionofthepreparationandthestageofintegration,mergersandacquisitionsintermediaryisnottomakemoney,sotheydonotcareaboutthepreparationofenterprisemergerissufficient,afterthemergerintegrationcansucceed,theyonlycareabou