Financial Integration After Enterprise M&A Research

Merger and acquisition is the enterprise development to a certain stage in order to achieve its development strategy for the activity, is the enterprise to expand the scale of production, optimize industrial structure, enhance the core competitiveness of direct way and means. The essence of mergers and acquisitions is through mergers and reorganization optimize resource structure, improve the core competitiveness, is within the scope of social possession and use the advantages of resources, to maximize enterprise value after the merger. Mergers and acquisitions is the inevitable result of market economy development, combine the domestic current situation of the enterprise mergers and acquisitions, mergers and acquisitions of the effect is not ideal, most mergers and acquisitions of enterprise merger and acquisition activity is not to achieve. Signed a merger agreement does not represent a complete merger and acquisition, on the contrary is just the beginning, in the merger and acquisition activity is the integration after merger of main job. After m&a integration of the work involved in mergers and acquisitions both sides management system, organization, financial accounting, human resources, distribution and other aspects of issues, merger integration is an important means of enterprise merger and acquisition strategy goal, the main content of the financial integration after the merger integration works, has an important influence on the development of enterprise merger. The purpose of financial integration is to realize the merger and acquisition both sides financial synergies, reduce financial risk after the merger, make full use of financial resources, improve the financial management ability, ultimately maximize enterprise value after the merger. The status quo of the current domestic market mergers and acquisitions is the low success rate of m&a and in-depth analysis of the reason is that after the merger integration work does not reach the designated position, especially financial integration are neglected, has not been established in the process of financial integration of the integration of aset of complete and scientific system. So the financial integration after the merger of concrete measures and matters needing attention on the development of domestic enterprises has important guiding significance.In this article, the article adopts the method of combining theoretical guidance and case analysis research of financial integration after enterprise m&a. Article first introduces research background and research meaning of financial integration after merger, according to the merger integration of the literature at home and abroad to introduce the research status of m&a integration, elaborates on the basic theory of financial integration after the merger, to provide theoretical support for the establishment of the integrated financial system, on the integration of financial integration process and integration pattern parsing, carding the framework of financial integration, puts forward the financial integration of specific content, and to evaluate the effect of financial integration, the integration of the performance evaluation of the specific measures are put forward. Secondly, based on the practice of the mengniu group company mergers and acquisitions jun to extreme, a detailed analysis for the case study object jun to extreme company mengniu m&a process of mergers and acquisitions, mergers and acquisitions motivation and m&a mode and the specific content of the specific financial integration after the merger, and the financial indicators from the profit ability, debt paying ability, operation ability, development ability, the internal operational capability measures the financial integration effect. And according to the problems in our country enterprise mergers and draw inspiration.The purpose of this paper is to according to the actual situation of our country enterprise mergers and acquisitions, financial integration after the merger problems and improve the financial integration theory and to our country enterprise merger and acquisition success provides realistic guidance and reference.