| In recent years, our business has been rapid development, especially in some high-tech enterprises. Because of some technical, copyright and other reasons, some enterprises can not open foreign markets, to become an international business. Therefore, more and more companies want to use the form of cross-border mergers and acquisitions to achieve the output of capital,acquire overseas markets, technology, management experience and other commercial resources, and ultimately achieve the internationalization of enterprises, enhance the overall strength of the globe. At present, China has become the second largest foreign investor in the world, many domestic enterprises whether private or state have already started to go in a certain degree of internationalization of the road, such as Huawei, Chery, Sany, Shuanghui and so on. Many cross-border mergers and acquisitions of domestic enterprises objects, are world-renowned enterprises, these are shows that our companies have a certain strength, cross-border mergers and acquisitions in China has emerged. However, with cross-border mergers and acquisitions in China, there have been some failures of cross-border M & A cases. Cross-border mergers and acquisitions fail, especially due to the Chinese enterprise’s own reasons, to a certain extent, affected the image of Chinese enterprises abroad, may bring new obstacles for future M & A activity.In this paper, cross-border M & Moto Lenovo, for example, the use of case studies and comparative analysis of cross-border M & Moto Lenovo Group Lenovo Group moves back and forth on the results of operations for each year of change, change in shareholder wealth comparative analysis, in order to take this as Lenovo Group based in-depth analysis of the effect of cross-border M & Moto mobile, on the future development of the company’s long-term impact. In addition, the paper studies the case, trying to find a place for cross-border mergers and acquisitions of domestic enterprises have reference value, and I hope the relevant domestic enterprises successful implementation of cross-border M & A certain degree of regulatory policy research and thinking, and thus improve in Transition Economies the Chinese enterprises transnational mergers and acquisitions policy has important practical significance to many companies to enlightenment.Through to the company of Lenove purchased Moto case studies, this paper concluded the following enlightenment:(1) Overseas M & A is an important way to rapidly expand its influence overseas; (2) Choose the appropriate shell companies is the key to successfully mergers and acquisitions; (3)integration of the target company is the key to success; (4) The relevant aspects shall actively support enterprises Overseas M & A.This article is divided into five parts, each part of the specific arrangement is as follows:The first part of the introduction, including the research background and significance of this article, literature review, and the main research contents and methods, etc. The second part of the theory of cross-border M & A overview. Details of the merger, the concept of cross-border M & A theory, characteristics, associated with M & A theory and risk analysis. This chapter is the foundation on the research paper. The third part is the details about company of Lenove purchased Moto. This part introduces the basic situation of the company of Lenove and the company of Moto, and which including their development condition,Lenovo acquisition of Moto mobile transnational process and the characteristics of the acquisition of Lenovo Group.The fourth part is the reason and impact of cross-border mergers and acquisitions of Moto mobile. This part is full of the detailed introduction and analysis of the company of Lenove purchased Moto of the main reason and the impact on enterprise’s strategy and financial. The fifth part conclusion and suggestion. Through the above analysis, this paper research conclusion, put forward the corresponding policy recommendations. |
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