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

1、完美的并购曲线应该是这个形状The perfect M a curve should be this shape完美的并购曲线应该是这个形状（The perfect M & a curve should be this shape）In todays world, mergers and acquisitions are four!In the past 2010 August, global M & A transactions since 2007 five years of record, reaching $285 billion, the financial mainstream m

2、edia have to August, global M & a Crazy August acquisition of surging price transactions and other exaggerated title to describe this year August international mergers and acquisitions in Chinese, hot, our companies are afraid to show weakness, just happened in August China led by the merger of ente

3、rprises reached 46, the total transaction amount of $90.45, while the share of global proportion of total turnover is not big, but it revealed the acquisition of Chinas enterprises growing enthusiasm.Some people say that mergers and acquisitions cannot create value for the enterprise, is the reason

4、for the high failure rate of mergers and acquisitions will affect the corporate value added, but this did not seem to affect those who are keen on mergers and acquisitions of enterprises, they seem about the merger just turning a deaf ear, perhaps they in fear when others dare not MampA secretly del

5、ighted, because they are doing mergers and acquisitions right.The merger is a double-edged sword, those who have not mastered the knack of M & a business is like, do not understand the sword practice tips, M & A both love and fear, only those who understand the true meaning and essence of the enterp

6、rise merger and acquisition to the acquisition of good skillful wielding Excalibur, which wins the world, all orders!What is the true meaning and the secret of M & A? I like you, always in search and verify the success of the enterprise merger, the merger will not easily put the tips to tell us, and

7、 each industry and enterprises have different merger and acquisition environment, simple imitation is not reliable, it seems only their concentrated practice, can find scriptures.After the acquisition of research and practice of a few years, I summarize a set of M & a tactical system, here, I have m

8、any ideas to mergers and acquisitions and demand of enterprises to share some mergers and acquisitions as a discussion of the Scriptures.Now China mergers and acquisitions of enterprises mainly concentrated in the listed companies, mergers and acquisitions between the large central enterprises in tr

9、ansnational merger and acquisition of resources and some strong private enterprises mergers and acquisitions integration activities, these mergers and acquisitions constitute Chinas M & a field of three different scenery, but one thing is for sure, no matter what is the type of merger, acquisition a

10、nd operation is unchanged!A complete transaction can be generally divided into three stages, respectively is the preparation, implementation, merger and acquisition integration, traditional MampA transactions generally only pay attention to the middle merger implementation stage, mergers and acquisi

11、tions for the preparation and integration stage often do not pay enough attention to, thus forming a large and intermediate two small similar shuttle mergers and acquisition curve shape, this is not the most reasonable, and even can be said to be a serious mistake, for the following reasonsFirst of

12、all, Forewarned is forearmed., M & A is a matter of enterprise strategy will ignore the fate of vital importance, acquisition of preparatory work before the preparatory work has not been fully prepared to take on the M & A action, this is undoubtedly a serious error of the strategy, is the so-called

13、: fight no battle by a battle. Prepare, more timely, more fully, the victory of the battle of the greater grasp, so the pre merger preparation should make great efforts to do solid and effective, to accumulate steadily blockbuster, only early enough in the process of preparation, implementation of m

14、ergers and acquisitions in order to ease, prepared against want answers.Secondly, the reason only pay attention to the process of MampA execution, to a certain extent related to the current status of the transaction, in addition to the general enterprises involved in mergers and acquisitions, merger

15、s and acquisitions is a large number of intermediaries, including investment banks, lawyers, accountants, appraisers, consultants and so on, these institutions involved in mergers and acquisitions will lead to bias the execution stage, because only mergers and acquisitions, mergers and acquisitions

16、of these intermediary can earn a lot of money, transaction fees, and in the preparation phase, the agency is not involved in the post merger integration phase, they also have been ruled out, in other words, the acquisition of the preparation and the stage of integration, mergers and acquisitions intermediary is not to make money, so they do not care about the preparation of enterprise merger is sufficient, after the merger integration can succeed, they only care abou