A Company Merger And Acquisition Mode Selection Of Case Studies

As an important mean of social re-allocation and enhancing the efficiency ofresource usage, merger acquisition has been more and more used in enterprisesdevelopment with expanding scope and variable form. Especially since the90s, it hasbeen becoming more and fiercer, and an essential way of expanding business,centralizing production to achieve an external growth.Since2008, with the symbol of AVIC’s establishment and its asset integration,China aero industry has stepped into a new level of general harmonization andintegration, which is lined up by merger and acquisition. As the only state-ownedlarge-scale aero manufacture enterprise, AVIC planned out the strategic andprofessional reorganization project in the very beginning of its establishment. In recentyears, AVIC also raised the development strategy of two of integration, three of renewal,five of standardization, and thousands of billions, to push the marketization reformation,integration of profession, international expanding, and industrialization development.As a AVIC subsidiary specialized in aero engine manufacture and its extendedproducts. Through a rather long time, it accomplished business centralization andcontinuing profits from loss and trouble by optimize reorganization and integration ofspecialization. This thesis makes a thorough research and analysis in the three typicalcases of merger and acquisition in different historical time. They are about establishingnew capital joint company, quoted company’s reversal purchase to mother-company’sassets, and proposal of new company. This thesis also points out that choosing the meanof merger and acquisition definitely combines with the different development levelparticularity and occasional situation.