Research On The Motivation And Performance Of TRS Merged With TOPWRLK

Under the background of economic globalization,the former competition of enterprises has expanded from the regionalization to the entire world,which means that the competition among enterprises has become increasingly fierce.Therefore,if companies want to survive and continue to develop in a fiercely competitive market,they need to seek development.At this stage,the development methods of enterprises can be roughly divided into two categories: on the one hand,through the integration of internal resources,to improve the overall production and management efficiency of enterprises,and to increase the market competitiveness of enterprises through the promotion of internal drives.On the other hand,it is Integrate external resources to enhance its market competitiveness,and the most important form of this approach is mergers and acquisitions.China has always attached great importance to the cooperation and integration of affiliated companies,established industrial chains and value chains with competitive advantages,and introduced many policies to support them.Especially in 2015,China proposed to apply information technology to major industries and achieve overall modernization.This provides good policy conditions for mergers and acquisitions of information technology companies and indicates the direction of development.As a leading company in information service technology,Tops has closely followed the development of the country and responded to the national plan for the integration,innovation and transformation of the information technology service industry.It has expanded its business scope and extended its business to information through the acquisition of TOPWRLK Net Security.In the area of security products,we have opened up the industry application value chain,broadened our products and services,and achieved the goal of enhancing the overall strength of the company.On the basis of extensively reviewing the related theories of mergers and acquisitions both at home and abroad,this article combines the business operations of mergers and acquisitions before and before and after mergers and acquisitions,and uses a variety of methods to analyze the financial performance before and after Tolls M&A.In contrast,in order to analyze the impact of mergers and acquisitions on TRSs,including short-term fluctuations in financial conditions and long-term business continuity.Through research,this article concludes: From the short-term financial status,investors have a positive attitude toward this acquisition,and have generated positive cumulative excess returns during the five-day event period before and after the resumption of mergers and acquisitions,which has increased shareholder wealth.From the perspective of long-term financial efficiency,TRS' acquisition of TOPWRLK Net Security has increased its financial performance and created new profit growth points.From this,we can see that TRS M&A has great benefits for the improvement of the company's short-term financial status and the company's continuing operations.It achieves the integration of resources and the complementary advantages of the company.The benefits of this merger outweigh the disadvantages and is a successful merger and acquisition..Overall,the acquisition of Tolstoy is in line with the strategy of the company.After the merger and acquisition,the product category of the company is more complete and the business scope is greatly improved,creating a broader space for the long-term development of Tolstoy.However,this merger does not work once and for all.After all,the cultural concepts and operating conditions of the two companies are quite different,and it takes a certain amount of time to run in,so that the advantages of the two companies can be fully used to complement each other,and in this In the process,capital costs and risks are reduced to achieve synergies.