The Motivation And Performance Analysis On Sotech On Acquisition Of DaYu

In recent years,the downside pressure,facing the impact of new media and printing equipment manufacturing industry's own repeated construction,the industry entered a period of adjustment,showed a declining trend,more fierce competition in the industry,a number of companies in a difficult situation,operating profit growth,faced with significant pressure in transition.Sotech as a member of printing equipment manufacturing industry,faced with difficulties the industry downturn,coupled with factors of lower performance year after year.In 2013 or profit loss.In order to reverse the profit and loss,wisdom song road to de deployed the extensional dilation in 2014,acquisition of DaYu carved 100% stock options,but the merger does wisdom Sotech bring good economic benefits,and reversing the situation of wisdom Sotech decline,is still inconclusive.Sotech completed acquisition of DaYu not only carved out a wide range of integration also avoids the significant changes in personnel.Therefore the main focus of this paper is to analyze the acquisition of motivation and performance,and make recommendations based on results of mergers and acquisitions and strategy.First of all,describes the research problem and the meaning and content of the paper and then briefly introduced the correlation theory and literature review of mergers and acquisitions,and finally the research methods.Laid the Foundation for the following.Secondly,this article describes wisdom Sotech purchased DaYu carved throughout the event's overview and motivation of mergers and acquisitions,and then describes the subject,the process of mergers and acquisitions,analyzes both before the merger's financial situation.Then,using event study analysis Matsunori acquisition event into market performance,analysis of the impact of the merger on the shareholders ' wealth.next,traditional financial indicators used in this paper to study the financial performance on the mergers and acquisitions,and explains the reasons of performance.Then,using the method of economic value added produced a study of the performance ofmergers and acquisitions,made up the financial indicators of some shortcomings,can more realistically reflect the company's performance.Finally,analysis of problems and successes in the mergers and acquisitions,and the causes of the problem,presents recommendations accordingly,for success,summed up why in order to give mergers after some reference.