The Research On The Motive And Performance Of Cross-industry M&A

With the development of capital market and the M&A policy,the M&A market of China's listed companies developed greatly.The number of M&A is 1444,the amount of money is 1577 billion.Compared with 2014, the number and the amount of M&A are greatly increasing, both over the same period increased by more than 50%. The Cross-industy M&A proportion reached 25%,and showed a growing trend.M&A can help the companies expand its own scal,optimizing resource allocation,diversify its bsiness.So what the motivation of listed companies include?Can the Cross-industy M&A synergy effect achive synergy effect?The research is based on the merge case of San Xiang,and try to analysis the motivation and synergy effect of Cross-industy M&A.FIrst,the paper introduce the situation of China's M&A market,and the basic information of both two companies.Second,the paper give a detailed analysis of the M&A motivation,I think the main objective of the merge is to diversify its bsiness.Third,the paper analysis the synergy effect,and draw a conclusion that the merge will achieve good results.