Research On The Motives And Performance Of M&A Of Huatian Hotel

M & A is an enterprise implementation of capital operation strategy, which obtain core competitiveness and achieve a way of strategic development goals. Since the last century as economic globalization is further exacerbated in the US-led Western countries in mergers and acquisitions in full swing, the entire M & A wave sweeping the globe, covering all walks of life. After the beginning of this century, with China's sustained economic development, and the degree of openness is deepening, mergers and acquisitions market has become increasingly active, whether it is business or the number of M & A M & A transactions have increased significantly, especially in recent years the M & A market is unusually hot as the world economy remarkable highlights.M & A is a complex capital operation activities, M & A process contains many potential risks. For most companies, after the merger be able to achieve the stated strategic goals, so that the company's performance to grow significantly in very few cases, most of the mergers and acquisitions have ended in failure. This acquired company put forward higher requirements, the need for the target company's financial situation, human resources, strategy, profitability, etc. to conduct a comprehensive investigation, and also the issue of the integration of the company after the merger were estimated, as well as possible risks well in advance of response measures. Overall, M & A is not only a means to expand the company, it is an art that requires our in-depth study and research.In this paper, Huatian Hotel related merger case for the study of mergers and acquisitions both in the background, motivation, assessment and post-merger integration done systematically discussed. The main content of the study include the following aspects:first is the introduction, mainly on the research background, significance, contents and methods, and M & A theory makes a comprehensive overview; the second part is an introduction to the merger case the company's M & A motive analysis, post-merger integration and performance analysis of the third part is to assess the performance of the company after the merger, including;, including basic information of both the acquired company, the acquisition market environment and industry background and M program analysis of the effect and the like; the fourth part is deeper Thinking about this acquisition case, briefly describes the status of domestic M & a market at present, there may be in the process of mergers and acquisitions as well as the risk profile of Huatian hotel merger case to us the inspiration and reference.In this paper, the preparation and analysis of the case in the process of doing a more detailed data collection and collation of documents, access to the latest industry trends and data. While the acquisition of both companies in recent years of historical data, especially corporate financial data processing and finishing, by comparing the analysis of the data, as accurately as possible to make a reasonable assessment of the company's M & A Performance.