The Foreign M&A Regulatory System Of America—Based On The Acquisition Of Smithfield By Shuanghui

The deepening of global economic integration has become a major feature of the world's economic development,and cross-border mergers and acquisitions is the driving force behind the global economic integration.Under the background of new era,Chinese enterprises can utilize accumulated capital and innovative financing way to out of the country,and have the strength to acquire some famous international enterprises to achieve the business strategic objectives of expansion of overseas markets,access to advanced technology and brand,enhance the international market position etc...And with China's "going out" strategy of the continuous implementation,China has become the world's second largest country in the amount of M&A transactions,second only to the United states.While the United States is the world's traditional host country,which's open and stable political,legal and tax environment make it an ideal country to implement overseas mergers and acquisitions,and the excellent brand and advanced enterprise management of American companies made it become ideal targets.But the situation of Chinese enterprises's merger activities to America is not optimistic,and the failure rate is higher than other countries.Although Chinese enterprise rebuffed repeatedly in the course of mergers and acquisitions to America,many large mergers are blocked in the door,but fortunately,it also makes Chinese enterprises continue to accumulate experience,and gradually improve the ability of overseas mergers and acquisitions,and completed a number of successful mergers and acquisitions.Through these successful cases,the successful acquisition of the Smithfield acquired by Shuanghui in 2013 is remarkable and important to Chinese enterprises.So this artical want to start from the typical case and analysis,introduces the American merger regulation system,and provide some suggestions for the Chinese enterprise,and hope it can provide some help for Chinese enterprisese of the future M&A activities to America.