Research On The China’s Steel Industry M&A

In recent years, the global steel industry, the international steel giants in the ongoing merger, acquisition and reorganization, its main purpose is to establish their own global competitive advantage, achieve global allocation of resources, frequent merger, acquisition and reorganization makes the global steel industry’s competitive landscape constantly new changes; At the same time, rising costs, national industrial policy, and many other factors make the domestic iron and steel enterprises are also actively promote the merger, acquisition and reorganization. In this background, in-depth exploration and research of merger, acquisition and reorganization of China’s iron and steel industry, has important and urgent practical significance.This paper by the WG group company merger, acquisition and reorganization of the case as the research object, based on the merger, acquisition and reorganization synergies related theory, transaction cost theory and research on the basis of market power theory. First, the thesis by many scholars both at home and abroad related research literature about merger, acquisition and reorganization, on the basis of the merger, acquisition and reorganization and related concepts defined, elaborated its classification; Secondly, the thesis has carried on the review to the domestic and foreign iron and steel enterprise merger, acquisition and reorganization, and the key iron and steel enterprises at home and abroad of analysis and comparison of typical patterns of merger, acquisition and reorganization merger, acquisition and reorganization of WG company in-depth research and discussion, summarizing the advantages and disadvantages, and put forward improvement Suggestions for its deficiency; Finally, the paper based on the research of the WG corporation merger, acquisition and reorganization, summarize the enlightenment on the iron and steel industry development in our country are put forward.By the research of this paper believes that the current iron and steel enterprises m&a has become its rapidly expanding scale, improve enterprise’s influence and competitiveness, the enhancement enterprise important means of discourse and increase market share; WG group company through merger, acquisition and reorganization of the upstream industry, ensure the safety of its own raw material supply, reduce the production cost of enterprises, to a certain extent, improve the enterprise benefit, for other domestic iron and steel enterprises in this regard can be reference of the successful cases; Iron and steel enterprises should according to oneself circumstance to carry out the relevant work of merger, acquisition and reorganization, especially in the early stage of the merger, acquisition and reorganization target screening, due diligence, and effectively guard against and avoid all kinds of potential risks.