Based On The EVA Between The North And The South Car M&A Synergy Effect Evaluation

Enterprises are facing increasingly fierce competition in the market, mergers and acquisitions as an important means to gain an advantage in the competition. Mainly due to mergers and acquisitions of enterprises in order to obtain a synergistic effect, but with the increase in M & A failure cases, the expected synergies of the merger assessment is vital.On the basis of merger integration, synergy theory research results to recently controversial north-south vehicle acquisition for example, that the use of EVA calculation synergy has unique advantages, and the use of EVA valuation model to predict the car north and south mergers and acquisitions expected synergies.Specifically, the main contents are summarized as follows: First, based on the north-south vehicle introduced background and significance of the merger, the merger integration of domestic and foreign research status synergy brief description; secondly, brief overview of merger synergies, classification and event study, all three indicators of financial analysis and research method to calculate EVA merger synergies approach. Select the most suitable car north and south of the expected synergies EVA assessment study, a detailed analysis of business valuation methods under the EVA model and comprehensive evaluation methods to assess the value of EVA angles companies. Again, the specific methods applied to North and South car merger cases, the predicted value of future EVA enterprise through historical data and trends of development finance, on this basis to select suitable model to assess the value of the pre-merger companies as well as in North and South car emphasis on integrated basis the combined enterprise value, and then estimates the expected synergies, to measure out the car north and south result expected merger synergies specific analysis. Finally, draw inspiration through north and south car case studies, along with a brief description of the limitations of the research paper.