Empirical Research On The Offer Of Shuanghui-international And Smithfield

Economic globalization is the product of world economic.It makes each region to strengthen economic ties, promotes the free circulation of production elements on a global scale. In this background, cross-border M&A have rised and developed rapidly. The world has gone through five big wave of cross-border M&A. In the wave of cross-border M&A,a lot of beneficial economic phenomena arise.Tender-Offer is one of them.Tender-Offer as a way of cross-border M&A, because of its convenient trading, fewer restrictions, has been used in the wave of cross-border in the world M&A for many times.Abundant Tender-offer cases have been used as research materials by Foreign scholars.This study perfect international offer system further and also improve the success rate of acquisition activities. By contrast, Tender-offer started late in China. Since the Nan Gang Tender-offer,there has 65 Tender-offer cases in China’s securities market. Due to the limitation of China’s special economic system, the Tender-offer’s quality is not high, some cases even can’t a complete sense of the offer. It’s difficult to research Tender-offer for scholars in China. But it is necessary to study about Tender-offer. on the one hand, it can provides reference for China government about perfecting the Tender-offer system; On the other hand,it can improves enterprise Tender-offer’s chances of success.Regarding shuanghui-international-corporation offering smithfield as the research object,the article firstly introduce the Tender-offer’s related theory. Then the article analysis company development of both sides in Tender-offer trading, the motivation of shuanghui-international-corporation and obstacles in the process of Tender-offer.Accordingly, article sums up the macro and micro factors which has affected shuanghui-international-corporation Tender-offer, adopt the method of questionnaire to collect data, use Factor-analytic approaches to analyze these factors and rank these factors.The study finds that macro factors affecting shuanghui-international-corporation Tender-offer is the international Tender-offer’s development degree, acquiring-firm’ policy support,related institution of target country’s scrutiny and the micro influence factor is the target company decentralized equity structure, the degree of information disclosure, high price in offer and so on. Finally, the article gives comments on Tender-offer of shuanghui-international-corporation, and summarize the article.At the same time,acticl makes suggestions on shuanghui-international-corporation and Chinaenvironment.which be expected to offer reference to the enterprise and government.