Research On The Motivation And Effect Of Tianqi Lithium Industry's Merger And Acquisition Of Talison

In today's world,trade,cultural exchanges and personnel flow among continents,regions and countries are becoming increasingly close.The trend of global economic integration has also been advocated by various countries.With China's economic development entering a new normal,the "going out" strategy has become the guiding principle for enterprises to participate in international trade,and also an important way for China to develop an export-oriented economy.As the most important non-ferrous metal in the 21st century,lithium plays an irreplaceable role in national strategy and economic development.The scarcity of lithium resources has naturally attracted the attention of many lithium resource manufacturers all over the world.In the history of cross-border mergers and acquisitions in China,private enterprises started relatively late compared with state-owned enterprises,but now they have gradually caught up with and surpassed them.Therefore,the research on M&A of private enterprises has more practical guiding significance.As the largest lithium product manufacturer in the lithium resource industry,Tianqi Lithium Co.,Ltd.initiated a blocking acquisition to prevent the acquisition of its competitors and acquired the upstream raw material supplier Talison by "snake swallowing elephant"merger.With the support of M&A theory and related literature,this paper focuses on the motivation of M&A,the process of capital operation,the way of equity transfer,the performance of M&A and the synergy after M&A through case study.In the analysis of mergers and acquisitions integration,we use two methods,long-term and short-term mergers and acquisitions effect analysis and financial and non-financial effect analysis,to make a deep analysis and study of the whole mergers and acquisitions process,and put forward our own policy recommendations.This paper tries to provide some suggestions for cross-border mergers and acquisitions of private enterprises in China in the future.