X - M & L Investment Management Co. Department Store Co., Ltd. Case

Company merger and acquisition began in the eighteen eighties of the United States of America, the development has been100years of history.Company merger is a unique product of the market economy, it is the inevitable result of development of market economy, The image of something more is the "law of the jungle, the survival of the fittest" results. Company merger and acquisition can quickly realize the reorganization of assets in a certain area or a certain region, improving the operation efficiency of assets in the market. The United States University of Chicago economics professor Stiegler evaluation of the United States of America enterprise growth path:"throughout the United States of large enterprises, almost no one did not grow up through some kind of or form of mergers, almost none of the companies rely mainly on internal expansion to grow up." The company merger and acquisition is that the company quickly realize scale expansion, an important way to industrial structure transformation.X Cci Capital Ltd, was founded in2005July, Although the company set up not long, but its development is "singing all the way, carry the world before one", The company to a large city complex development as the basis, to investment and M&a business entity as the key problem of inventory, business operation and management as the main line. At present, the company has been in Shandong, Hebei, Shanxi, Tianjin, Beijing, through the development of M&A, established the corresponding Business Companies, and they are the local business center. In order to further expand their own power, X Cci Capital Ltd to take a new round of mergers and acquisitions, L city was the birthplace of the predecessor of the company, and the Cci Capital Ltd X L has in the X shopping mall and other companies, L Department Store Co., Ltd. is a key enterprise of X of a new round of mergers and acquisitions of Cci Capital Ltd. Because, L Department Store Co., Ltd. has gone through thirty years of development, has accumulated rich management experience and advanced management concept, but in recent years the rapid development of retail industry in the city of L, both inside and outside the province of retail enterprises in Liaocheng, the L Department Store Co., Ltd. to seek new development path, force was required to enhance their competitiveness in the industry by means of. So the research contents of this thesis is the analysis process of X investment management limited liability company M&L Department StoreCo, Ltd., the merger and acquisition effect. It is of great significance to the development of X Cci Capital Ltd after M&QA.The main purpose and content of this research is:on the base of analysis of the merger and acquisition theory, discusses the necessity and feasibility of X investment company L&M Department Store Co., Ltd., a good development for the protection of X Cci Capital Ltd after M&A, has chosen the reasonable acquisition mode, and suggestions for further development after the merger provides. This research mainly launches from the following six parts:the first part is the introduction, mainly introduced the research background, the purpose and significance; the second part is to define the theoretical review and related concepts; the third part is the case, introduces the situation of enterprise, analyzes the necessity, problems and mergers and acquisitions the presence of L Department Store Co., Ltd. the urgency and feasibility; fourth part analyzes the implementation path of M&A; the fifth part analyzes a series of effects produced after the merger; the sixth part is mainly the inspiration and put forward the development of China’s retail industry advice.In this study, through the connotation of enterprise merger and acquisition related theory of M&A, M&A and type of interpretation and comparative history of foreign mergers and acquisitions, mergers and acquisitions by Cci Capital Ltd L L Department Store Co., Ltd. as an example, a detailed analysis of the merger and acquisition process, draw on the development of China’s enterprises mergers and acquisitions, in order to provide some reference for mergers and acquisitions for future business.