Analysis And Reflection Of Chinese M&A Situation And Success Conditions

M&a as enterprise of externality way to grow and capital management, become the core content of the enterprises to enhance their competitiveness and enterprise, one of the most important ways in western countries have 100 years of history. At present, in the trend of global economic integration, China national economic structure of strategic adjustment is imminent. Strategic acquisitions as the most market features tools and methods in economic structure adjustment, can play an important role. Especially in our country’s capital dispersion and capital reset all need through m&a to solve. So, mergers & acquisitions not western countries, China also need special mergers and acquisitions. M&a although in China’s development time is not long, but the development quickly, the decade experience the embryonic stage, stage of rapid growth) and regulating the stage of development.Enterprises merging is enterprise in accordance with the "on a voluntary and compensatory" principle, undertake property right trading activity, is the enterprise according to their own development strategy, the pursuit of the maximization of enterprise value, to speed up the development of an effective form of capital operation. In recent years, China’s enterprise merger both in quantity and scale, or in level has been improved a lot. These think-tanks has successful examples such as haier, Qingdao beer and other large enterprises through massive m&a, low-cost expansion, in a few short years developing rapidly expand rise. But more and more enterprises merging behavior but due to various reasons (such as:enterprise’s lack of strategic vision and merger laws and regulations of imperfect and the evaluation system is not perfect, government intervention, etc., make acquisitions activity from economic law or in disorder in). failure. In addition, enterprise’s lack of merger of professional talents of guidance, inadequate experience is also enterprise merger failure.The main points of this aticle:Based on the acquisition of relevant literature review an overview of the concept and classification of mergers and acquisitions, M & A; then reviewed the development of mergers and acquisitions in China, analysis of the current economic and policy environment, mergers and acquisitions; then acquired by Australia in the Midwest Steel Company, SAIC-NAC merger, Carlyle、Xugong, CNOOC acquisition of Unix and other cases of success or failure of mergers and acquisitions, analysis derived conditions for success of mergers and acquisitions; Finally, the development trend of China’s M & A analysis. Hope to be able to provide our government and corporate experience in M & A activity..