Research On The Synergistic Effect And Economic Consequences Of MD Group Mergers KK Group

With the continuous development of economic globalization,more and more companies choose overseas mergers and acquisitions in order to expand their international influence.In recent years,Chinese overseas mergers and acquisitions have entered a boom.However,due to the risks in the selection of target companies,the formulation of merger prices,and the integration of later stages,there are few cases in which they can really benefit from overseas mergers and acquisitions.Therefore,this paper chooses a successful case of MD mergers KK,analyzes the reasons for its success and hopes to provide inspiration for future overseas mergers and acquisitions,which will help improve the success rate of overseas mergers and acquisitions in China.This paper analyzes the synergy effect of M&A.Firstly,based on the synergy theory,this paper analyzes the case of MD mergers KK in the three aspects of business synergy,management synergy and financial synergy.Through the development strategy of both sides,the formulation of the M&A price and the previous contact with KK,it can be found that MD mergers KK is a strategic merger with synergy effect.Then,after in-depth analysis,it is found that the case has business synergy,both parties can achieve complementary advantages.MD introduces advanced robot technology to meet the development of its “double intelligence” strategy,while KK can use MD's sales channels to expand the Chinese market.The merger of the logistics business can produce economies of scale;in terms of financial synergy,KK can obtain the benefits of reasonable tax avoidance;in terms of management synergy,although it has the risks of technology integration risk,human resource integration risk and cultural integration risk,the MD is aware of the risks and takes appropriate measures to circumvent it.According to the above analysis,it can be predicted that the merger has a synergistic effect,and the MD can benefit from it.Then,this paper needs to analyze the actual economic consequences of the MD group after the merger,the purpose is to test the synergy effect and judge whether the actual situation after the merger is consistent with the predicted result.This paper analyzes the economic consequences from the three aspects of market reaction,EVA and non-financial information.The results prove that the MD does develop in a favorable direction after the merger.After testing,the actual economic consequences are consistent with the predicted results.Finally,this paper summarizes several revelations through the case of the MD mergers KK,tha Acquirer should clarify the motives of M&A,select the appropriate objects according to their motives,and pay attention to avoiding integration risks after merger and acquisition.