Motivation And Short-term Performance Analysis Of Overseas Acquisition Of HNA Technology Co.,Ltd.and Ingram Micro

After the Second World War,cross-border mergers and acquisitions began to attract attention.Meanwhile,many enterprises began to divide the world market and expand their share through cross-border mergers and acquisitions.Thus,a number of internationally known transnational enterprises have been born.China,as an internationally important emerging economy,has maintained close ties with the world economy since its reform and opening up.In the context of cross-border mergers and acquisitions,Chinese enterprises have gradually joined the ranks of transnational mergers and acquisitions.In recent years,the scale and quantity of China's transnational mergers and acquisitions are also increasing.This paper selects HNA Technology Co.,Ltd.acquisition of Ingram Micro as the research object,which is costed $6.1 billion.This merger price hits China acquisitions of America IT group.But also,this merger is a typical case of transnational merger and acquisition,which realizes "throwing out a minnow to catch a whale".The net profit of the trading parties is 7 times,and the difference of the revenue scale is 400 times.In the first two chapters,this thesis reviews the background and related theories of transnational merger and acquisition.In the third chapter,the details of the subject and process of this M&A are introduced.The fourth and the fifth chapter of the article focuses on the analysis of the motivation and short-term performance of the merger.In the analysis of short-term performance,this thesis mainly analyses the financial index,the stock price and Economic Value Added.The sixth chapter of the article,which combines the analysis results of the preceding five chapters,puts forward some inspirations,and provides some suggestions for Chinese enterprises to undertake "throwing out a minnow to catch a whale" merger.Through case analysis,although the M&A has brought a certain liquidity risk to the HNA Technology,but after the M&A,HNA Technology has entered the information technology industry,and launched a platform.The working ability and growth ability of HNA Technology were improved,and EVA was also increased,the transformation and upgrading of HNA Technology has achieved initial results.