The Research On Selection Of Target In Merger & Acquisitions

The almost one hundred years history of Merger & Acquisitions (M&As) shows that partial failing M&As are all because the M&As corporation made a fatal mistake at the beginning, which is the corporation chose the wrong target. Since the selection in M&As involve various aspect of the economy and society, and the complexity of every aspect interaction make the actual theory difficult to hold contact and interaction between the system and units across-the-board. The development of the tradition theory is the bottle-neck state. The significance of the guidance of the theory to practice is not enough. So, there become the blindness of the selection in M&As, then the corporation can't carry the anticipative aim of the M&As.M&As is a very complex system engineering. The success or fail of M&As is correlative with many factors. For being more availability in M&As target choosing, the paper bring the fuzzy synthesis assessment based on the fuzzy mathematic theory and gray system analysis based on the gray theory to the target choosing in M&As, and analyses their excellence and inferiors, and find the condition of appliance. The papers combine the subjective assessment and the objective assessment, establish the assessment indexes system of M&As target choosing, find a new way for the corporation M&As target choosing. Aiming at the core question of fuzzy synthesis assessment, the papers refer to improvement in the weighting distribution. After bring the grey relationship degree to weighting distribution, the weighting distribution of fuzzy synthesis assessment removed the interruption of people, and become more objective. This method has more quantification, and more credibility result. It can change the affairs that the fuzzy synthesis assessment has different result for different people, improve the scientificalness, reasonableless and feasibility. In addition, the paper proofs the validity of improved method through the examples of rare soil industry.