The Research Of TX Company Merger And Acquire S Company:Model,Motivation And Consequence

Mergers and acquisitions between enterprises are an important form of capital operations.Successful mergers and acquisitions enable mergers and acquisitions quickly expand the scale of operations,strengthen enterprises,and gain competitive advantage.Under the background of Chinese current economic transformation and upgrading,and the increasing level of opening up,Chinese companies are facing increasing competition pressures and challenges.Therefore,in order to increase their competitiveness,some companies choose to expand their scale and their business areas through mergers and acquisitions.In order to optimize the allocation of corporate resources,some companies which are committed to international operations also continue to attempt overseas mergers and acquisitions.However,since M&A is a complicated project and facings many risks such as financial and legal issues,the existence of these risks has resulted in many M&A activities ending in poor or even failure.Some listed companies use the professional and talent advantages of mergers and acquisitions(PEs,brokerages,etc.)to establish an industrial merger and acquisition fund and develop mergers and acquisitions models that use industrial merger and acquisition funds to help their mergers and acquisitions activities.Based on the existing research results,this dissertation studies the M&A model,motivations and consequences of the acquisition and acquisition of S company by TX.Firstly,the first chapter elaborates the research background and significance of the article,combs the research results of previous scholars,and then introduces the research framework and research ideas.Secondly,the concept of industrial M&A fund is defined,and the related theoretical basis is reviewed.At the same time,the reasons why many listed companies tend to carry out mergers and acquisitions through industrial M&A funds and the main operating modes of these funds are analyzed.Then it combs the status quo of Chinese M&A market and industrial M&A fund,analyzes the status quo and industry prospects of TX's environmental protection industry,and introduces the development of TX and S companies before M&A.Then analyzed the reasons for the merger and acquisition of TX,the reasons for mergers and acquisitions using the industrial merger and acquisition fund model,the merger and acquisition process,and the main terms of TX's participation in the establishment of an industry merger fund agreement,and combined the major financial information before and after the merger of TX and S companies.The effect of this merger was analyzed.Based on a detailed analysis of TX's merger and acquisition activities,it draws inspiration from the company's merger and acquisition activities and the use of industrial M&A funds to carry out mergers and acquisitions.Finally,in the sixth chapter,the conclusions and deficiencies of the study and the future research prospects are summarized.The listed companies can conduct mergers and acquisitions through the establishment of an industrial merger and acquisition fund,which can effectively utilize the professional advantages of the fund partner PE or securities firms in mergers and acquisitions,help listed companies solve some difficulties in mergers and acquisitions,and improve the efficiency of mergers and acquisitions of listed companies and the success rate of mergers and acquisitions.In this dissertation,the TX company's use of industrial mergers and acquisitions fund mergers and acquisitions of S company's case analysis of TX mergers and acquisitions activities of the model,motivation,consequences,enrich the merger and acquisition of enterprises and mergers and acquisitions of the industrial mergers and acquisitions model case study for other companies to use industry mergers and acquisitions The fund provides mergers and acquisitions and overseas M&A use of industrial M&A funds to provide some reference.