Financial Analysis, Mergers And Acquisitions Of Listed Companies

Corporate Merges and acquisitions(M&A) is an important method of asset restructuring .Now people pay much more attention to the M&A of listed company .In the western countries, M&A has been existing for more than one hundred years. It has become the major means of optimizing capital structure , adjusting industries and products structure, and realizing expansion with low-cost in our market economy.Financial analysis has become the center of M&A. It throughs out the all process of M&A and affects the success of it.The thesis firstly introduce the concepts and theories of modern corporate M&A.It analyzes the present condition of marketing corporate M&A in our country.Secondly it elaborates the evaluation of target enterprises,means of payment and financing ,cost of M&A and management of risk.Thirdly it analyzes the M&A efficiency of listed company on the basis of finance .The author sketches out the case of TsingHua TongFang Inco. merging LuNan Electron Inco.finally,The author points out the problems of listed company M&A in China and gives somes advice to solve the problems.