| Under the policy of "going global",Chinese enterprises choose to take foreign enterprises as M & A targets and use M & A as a reference to learn from and integrate each other’s brand advantages,management models and advanced technologies to start the global expansion.However,in our country,the trend of M & A is getting worse day by day,there are still many enterprises flying a "jump" but failed to jump across the various barriers of cross-border mergers and acquisitions,leading to the failure of mergers and acquisitions.Emphasis on the risk points in the M & A process and raising the awareness of risk prevention are the first lessons that Chinese enterprises should take to develop an internationalized layout.This paper studies and analyzes the risks of overseas mergers and acquisitions and chooses Shuanghui to acquire the Smithfield as a case.As a well-known pork producer and retailer in China,Shuanghui itself has considerable strength and capital.The choice of the acquisition of the target also directly chose the largest US pork producer Smithfield,it can be said that this is a typical combination of strong,in the history of mergers and acquisitions in China left a strong impression.This article studies the M&A case from the perspectives of cross-border M&A financial risk,integration risk and legal risk,and uses case analysis and qualitative quantitative methods to evaluate the M&A case risk.With the gradual and frequent overseas mergers and acquisitions in China,private enterprises gradually join the overseas mergers and acquisitions camps,and the industries involved are gradually expanding.In the process of mergers and acquisitions between the two,Shuanghui Group has also taken some typical measures to avoid mergers and acquisitions risks as much as possible.By analyzing the useful experiences and shortcomings of Shuanghui in implementing cross-border mergers and acquisitions. |