Lenovo Group's Acquisition Of Motorola's Performance Research

With the maturity of China's market economy,competition between enterprises has intensified,mergers and acquisitions has become an important way to enhance their own strength,so that their own in the industry can occupy a place.In the event of mergers and acquisitions in the number of cross-border mergers and acquisitions accounted for the proportion of the number of mergers and acquisitions events,and the type of enterprise development will drive the rise and progress of many related industries,the impact on economic development also has far-reaching impact.However,cross-border mergers and acquisitions after the performance of mergers and acquisitions,and some will have economies of scale to accelerate the development;some blind mergers and acquisitions,late integration ineffective,resulting in performance plummeted,affecting the follow-up development of enterprises.Therefore,in-depth study of cross-border mergers and acquisitions business case significance is quite significant for future enterprises to provide cross-border mergers and acquisitions to provide reference.Based on the theory of the merger and acquisition,this paper starts from the short-term stock market situation and the medium and long-term financial indicators,and uses the event research method and the factor molecular method to study the acquisition of Motorola by the Lenovo Group.M & A performance,found that Lenovo Group after the acquisition of Motorola in the short term market effect is not ideal,resulting in a larger negative excess rate of return;but the financial indicators reflect the long-term M & A performance,but in line with long-term financial performance cycle.From this point of view,we should understand the laws and regulations of the region where the mergers and acquisitions are located and the nature of the industry,the operating status of the mergers and acquisitions,and the state of the mergers and acquisitions.,To consider their own cash flow and future development direction,business strategy,and focus on the integration of mergers and acquisitions work;from the macroeconomic point of view,the state should strongly support overseas mergers and acquisitions,improve the relevant laws and regulations for enterprises to expand financing channels to ensure its continued Operation,and accelerate the development of third-party intermediaries,escort for mergers and acquisitions activities.