A Study On The Financial Integration Of Mengniu Dairy And Ashley International 's "Marriage"

M & A is the fastest way to expand the scale of the business. Although the history of China’s mergers and acquisitions is not long, but the development is very fast. This is a large acquisition time, but throughout the world, the success of M & a rate reason has not high enough, after mergers and acquisitions without financial integration and financial integration is not thorough, many mergers and acquisitions not successful main reason. Financial system is the nerve of the enterprise, pull one hair and move the whole body, the integration of the effect will also be through a series of financial indicators and data to reflect. If the financial integration after M & A is not complete or invalid, then the meaning of corporate mergers and acquisitions will not exist. The success of financial integration between M & a subject is conducive to the re allocation of financial resources, the transfer of financial information and the exchange of financial personnel. This paper studies the financial integration problem of Mengniu Dairy and Ashley international mergers and acquisitions after using the method of literature research and case analysis. First integration of mergers and acquisitions and financial concepts, financial integration and the related theory and the research of scholars at home and abroad is reviewed. In the case of financial integration analysis taking the so far dairy industry the largest pile mergers and acquisitions-Mengniu Dairy industry mergers and acquisitions to Sorrento and the analysis to study, detailed study of the behavior of financial integration of Mengniu Dairy. Through the reflection of the financial data. Mengniu Dairy in Yashili international financial integration has also made the expected effect, financial synergy effect be reflected, in a certain extent, enhance the core competitiveness of Mengniu Dairy. As the dairy industry "Qiangqiang jointly" a model, Mengniu and Ashley’s successful acquisition case not only to the dairy industry, and financial integration practice of other enterprises to provide a reference, to ensure the scientific and reasonable to carry out of the financial integration.