A M&A Case Study:How Pangang Group Merge And Reorganize Changcheng Special Steel

The economic development in world is up to now, a lot of large business enterprises will annex with the multinational company the reorganization is used as a kind of business model is made the most of, choosing in the strategy the its conduct and actions in full general business enterprise development realizes to do big, do the strong and important means.Under the state-owned economy is a predominant background, there are more and more state-owners enterprises in China pass and buy the mode to put into practice with the fast change that realizes this kind of economic way, the important property reorganization activity of the state-owners enterprise cans draw on the high concern of the government, stock certificate organization, business enterprise field, business field with value each time;It is current to come to see the change that state-owners enterprise pass economic mode, excellent turn the industrial structure and accelerates the development will become the economic count for much form in China more and more.This thesis with Pan steel reorganization long the annex reorganization affairs of steel this reality for topic, completely follow business enterprise annex reorganize of whole process, earnest analysis with study the business enterprise from the successful experience that annex to teach with failure to the reorganization, to our country state-owned business enterprise annex after the reorganization how better the development puts forward the suggestion.This text to join together business enterprise actual case a research for with substantial evidence analysis is lord, passing related theories as leading combining combination practicing method, with Pan steel reorganization long steel case a circumstance for for topic, point analyzing annex reorganization in front and back business enterprise operating development, pass summary annex reorganization the score of the acquisition with the problem that appear, found out to affect business enterprise annex the reorganization obstructs the key problem that business enterprise development behind, aiming at existent problem proceed thorough of analysis, find out to affect business enterprise annex reorganization development disadvantageous and real reason, and put forward own viewpoint to this, hope can to similar the problem has to draw lessons from the meaning certainly.