Research On The Cost Control Of TH Company In The Stage Of Merger And Acquisition

M&A as an operating activity,the use of M&A business resources sharing,integration of business activities,integration of management capabilities,scale efficiency,as well as leverage to enhance the ability of the use of resources.Its practical significance is mainly reflected in:in the field of industry,improve the efficiency of resource use,to achieve the overall efficiency of the industry optimization.At the micro level of the enterprise,the M&A enterprise can realize the scale benefit and the competitive ability under the low time cost level.The performance of M&a market also reflects the importance of modern enterprises for M&A activities.As of the first quarter of 2016,1356 cases of mergers and acquisitions occurred China merger market,the disclosure of the transaction amount for 1170 cases,involving the amount of 937 billion 646 million yuan transactions,the amount level has been close to last year's mergers and acquisitions.However,under the background of M&A market,we should not ignore the risk level of M&a activity.There is no doubt that the enterprise merger is a very complicated capital operation activity,although the acquisition will enable enterprises to scale to expand rapidly,but not all companies can be produced with real value,according to the agency statistics,only 20%of the cases of mergers and acquisitions to achieve success.In the case of M&A failure,M&A cost control is a problem that can not be ignored.In view of M&A activities,they are generally divided into M&a plan stage,M&A implementation phase and M&A integration stage.Among them,the implementation stage of M&A is the intermediate link of the M&a process.It involves not only the payment of the purchase price,but also the related matters of the subsequent merger and acquisition integration.Not only that,in the implementation of M&a stage of economic entity type complex,need more profound thinking perspective and equity arrangements,so as to have important theoretical and practical significance to study the implementation phase of the cost control of mergers and acquisitions.The existing research pays close attention to the whole process research of M&a cost control,but there is a lack of research at some stage,including the special research on the implementation phase of M&A.At the same time,the process of research model for the sum up of the problem and the depth of coping strategies need to be improved.In this paper is based on the theoretical study,combined with the actual case,and more detailed data and practice materials,with the acquisition of the angle detailed analysis of mergers and acquisitions stage process,through careful matters on the merger implementation phase of cost control is proposed to solve the problem.In view of the existing problems,the reasons for the existence of the problems are listed and the reasons are structured.Then based on the analysis of the reasons,with the acquisition of the implementation phase of the strategy process sequence,use the integrated ideas and details of the control mode of combination,to develop targeted strategies,so as to provide effective reference for stage management after the merger and acquisition cost.