Mergers and Acquisitions Strategies and Case Studies

Author: Li Daoguo
Publisher:
Publish Date: 2001-10-01
Features: This book is divided into two parts: Part I is the theoretical part. It elaborates on the types of corporate mergers and acquisitions worldwide, their current development status, and the guiding principles of corporate mergers and acquisitions. It introduces Western corporate M&A and anti-M&A theories, as well as the motivations behind M&A. It clarifies the basic steps of corporate M&A, strategies for conducting M&A and implementing anti-M&A, and conducts an in-depth study of challenging and hot issues such as determining the price of corporate M&A and post-M&A integration, proposing new ideas for Chinese enterprises to engage in M&A. The book also explores legal issues in corporate M&A, stock buybacks, leveraged buyouts, and their development prospects in China, which is very beneficial for establishing modern corporate systems. The second part is the case study part. Case studies have always been one of the most valued contents in the theoretical circles of various countries worldwide. This is not only because the occurrence of every major M&A case can have a certain impact on the entire economy and society, but also because behind every major case, there are always some deep-seated theoretical issues related to M&A: either the M&A theory lags behind the practicalities of M&A, making policymakers unable to anticipate new situations and fail to promptly formulate the necessary laws and regulations, or there is an inadequate understanding of the scientific nature of M&A, causing the M&A process to deviate from its proper course. Therefore, carefully studying each case, identifying its theoretical roots, and summarizing its lessons and experiences has become a practice in both theoretical and practical circles worldwide. The case studies provided in this book undoubtedly allow us to draw some valuable lessons from these typical M&A cases, enabling us to avoid detours and make fewer repeated mistakes.