Research Of M & A Question Of Chinese Iron And Steel Enterprises

Mergers and acquisitions is a complex capital events,under the current globalization of world economy,M & A activity appears more and more frequent, Global M&A wave have been involved to the many areas,including steel corporations.According to a relative lower concentration of domestic industry,In order to seek survival and development,Many steel enterprises have adopted to integrate available resources through acquisition,improving competitiveness, enhancing the corporations value and achieving long-term development strategy by M & A,However,subsequent problems caused by mergers and acquisitions activities are obvious,without resolving these developing obstacles appropriately, the performance of M&A could significantly be negative affected,and even lead to failure.Specific analyzing in given marketing environment is indispensable.This research analyzed the current situation and problems of M&A of iron and steel enterprises in China,proposed enterprises acquisition activities under the government's intervention,obstacles exist in M&A of trans-regional,cross-sectoral, cross-ownership,cause of M&A is not clear,short-term benefits for blind acquisition,investment structure is unreasonable,the legal system is imperfect,the issue of ineffective post-merger integration and so on.In response to these questions put forward corresponding countermeasures,Ruled out the government's unreasonable interference,reasonable positioning.From the perspective of cost-effective decision-making,correctly evaluate the strength of their own M & A, put an end to the blindness,deepening structural reform,improve the market mechanism and legal system,Through application of Business Process Reengineering in the integration,to improve efficiency of post-merger integration, reduce costs,achieve substantive integration of enterprise,enhance the international competitiveness of iron and steel enterprises.Through analyze the effects of carried out BPR after M & A of Bao Steel,to illustrate it played the role of practical experience of BPR in the post-merger integration of iron and steel enterprises,to provide inspiration for other domestic iron and steel of M&A.