The Analysis Of TBEA Implementing Mergers And Acquisitions Having An Effect On The Equity Of Minority Stockholders

So far, the world has experienced five times a wave of mergers and acquisitions. At the same time, a new wave of mergers and acquisitions is sweeping the globe, but most of the modern enterprise mergers and acquisitions involving listed companies, the acquisition of listed companies in now international securities market and one of the hot spot of the world economy, China is no exception. Since the development of Chinese capital market, merger and acquisition also experienced a rapid development, in the acquisition of listed companies, equity changes lead to the transfer of control and the change in the company management decision, thus greatly affect the company’s corporate image and business performance, and further affect the returns to shareholders. And relative to the strong and prepared the acquirer and power operators at the helm of the company management, the target company’s shareholders,especially minority shareholders, completely in a weak position, so the impact on their rights and interests,if the company’s operating performance after mergers and acquisitions is good, the company’s dividend distribution policy and system for protection of rights and interests of minority shareholders and improve the situation, the rights and interests of minority shareholders will be protected, but if the company operating performance is bad, system is not sound, also cannot guaranteed the rights and interests of minority shareholders, so the protection of rights and interests of minority shareholders is particularly important.Perspective of this paper is to TBEA from the market after the implementation of mergers and acquisitions activity several times to explore, to go further in-depth analysis of corporate mergers and acquisitions What is the impact, explore TBEA in ensuring the smooth implementation of mergers and acquisitions the process of how to protect a lot of value creation, and understand how it affects the major shareholder interests of minority shareholders, and then to further analyze and solve these problems for China’s listed companies is how to overcome some of the external and internal factors to protect the interests of small shareholders do not infringement made reference.This paper, Firstly, to make the relevant domestic and international research summarized, then mergers and acquisitions and related concepts of minority shareholders to make the definition, then, the article describes the specific case circumstances TBEA repeatedly implement mergers and acquisitions activity,mainly from the impact of acquisitions on the last minority shareholders to analyze the problem, analyze specific issues, and then propose relevant solutions and policy recommendations. We hope that by studying this article capable of subsequent acquisitions of listed companies to avoid infringement of the interests of minority shareholders to actively provide reference for meaning.