Mergers and Acquisitions

Author: Ren Huixiu
Publisher:
Publish Date: 2004-10-01
Features: Mergers and acquisitions (M&A) are commercial activities where corporate equity or assets are traded, leading to corporate mergers and acquisitions. They are not only an important way to achieve corporate restructuring, property rights reorganization, corporate and product structure adjustments, but also a crucial means for the effective reallocation of corporate resources within society. Since the 1990s, the trend of economic globalization has accelerated significantly, and global M&A activities have continuously intensified. The scale and impact of global M&A events have expanded considerably compared to the past. In China, M&A activities have become increasingly active in recent years, with various M&A deals frequently appearing in the media. Against this backdrop, the book provides an in-depth yet accessible analysis of M&A through three parts: fundamentals, practice, and special topics.
First, starting from the fundamentals, the book offers a comprehensive introduction to M&A. In the practice section, it begins with the motivations behind M&A, analyzing in detail the various reasons for such transactions. Then, it elaborates on specific aspects such as target company selection, valuation, financing and payment, integration, regulation and law, accounting and taxation, as well as anti-M&A strategies.
In the special topics section, the book conducts in-depth analyses of four key areas: state-owned enterprise M&A, listed company M&A, cross-border M&A, and MBO. It provides detailed introductions to the M&A scenarios in these four areas, enabling readers to grasp both profound theoretical knowledge and practical, actionable insights. Additionally, drawing from specific industry and field M&A cases, the book thoroughly explains the entire process of M&A, helping readers better understand the underlying reasons and essence of such transactions.