| The accelerating process of global economic integration has enabled China to expand its influence in the world economy.In order for enterprises to develop better and occupy a place in the international industry,more and more Chinese enterprises are accelerating their integration into the cross-border M&A army.in.At present,due to the continuous improvement of domestic consumption level and the gradual growth of dairy companies’ own strength,coupled with the guidance of the “going out” strategic policy,Chinese dairy companies have also begun to learn from the M&A experience of multinational companies and embarked on cross-border mergers and acquisitions.the way.However,because cross-border mergers and acquisitions involve huge transaction costs,there are also huge risks hidden in the process of mergers and acquisitions.Therefore,the road to cross-border mergers and acquisitions of Chinese dairy companies is not very smooth.The most important thing for these risks is financial risk.Therefore,the analysis and prevention of financial risks in the process of cross-border mergers and acquisitions of dairy companies is of great significance for the vigorous development of dairy products at this stage.Based on the existing research results,this paper starts from the various aspects of the cross-border M&A process,and based on the relevant theories of financial risk in M&A,through literature research and case analysis,etc.,studies the existence of ternary food mergers and acquisitions in St Hubert.Financial risk and explain the reasons for its existence,and finally put forward targeted risk prevention countermeasures for its financial risks.Firstly,this paper expounds in detail the status quo and characteristics of cross-border M&A in China’s dairy industry,and analyzes the risks faced by Chinese dairy companies in the process of cross-border M&A.Again,this paper selects Sanyuan Foods Co.,Ltd.to study the case of St Hubert,and after understanding the corporate background and M&A motives of Sanyuan Food and St Hubert,through the merger process and the financial risks in the merger.analysis.Finally,through the analysis of the case of Sanyuan Food’s merger and acquisition,the paper puts forward the applicability countermeasures for its financial risks.I hope this article can provide some inspirations for China’s dairy companies to carry out financial risk prevention measures for cross-border M&A. |