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Driving Factors And Performance Analysis Of Apex's Acquisition Of Lexmark

Posted on:2021-01-04Degree:MasterType:Thesis
Country:ChinaCandidate:X P ZhangFull Text:PDF
GTID:2439330614971255Subject:Business Administration
Abstract/Summary:PDF Full Text Request
In recent years,China's rapid economic development has increasingly affected the world economy.With the further guidance of national policies and the increasingly close global economic ties,more and more domestic companies are expanding overseas.In the process of going abroad,cross-border mergers and acquisitions is a more common way.Enterprises can enhance their profitability through cross-border mergers and acquisitions,accumulate core technologies and brands,improve the industrial chain,and accumulate international operating experience.This article focuses on the motivation of cross-border mergers and acquisitions and financial performance after mergers.Based on the research results at home and abroad,this article further investigates the purpose of cross-border mergers and acquisitions in the printer industry of China in the context of industrial upgrading.This article takes the Zhuhai Apex merger and acquisition of the United States Lexmark as the research object,analyzes in detail the motivations of Apex's mergers and acquisitions,and elaborates the choice of Apex's merger and acquisition methods.Then focus on evaluating the performance of this merger from a financial perspective,which can be divided into long-term financial performance and short-term financial performance.The analysis of short-term financial performance is mainly carried out through the wealth effect of the stock market,and the analysis of long-term financial performance is complementary to the analysis of short-term financial performance.This article found through research that Apex performed well after acquiring Lexmark,which means that it was a successful merger.However,the development of subsequent performance is also unknown,and Apex should pay attention to the improvement of operating capabilities.The research conclusion of this article is that under the background of globalization,it is feasible for China's printer industry to choose cross-border mergers and acquisitions to improve the industrial chain and accumulate international operating experience.It provides an effective way for traditional industries to quickly open up the entire industry chain and find new points of profit growth.Of course,there are many factors in practice that affect the performance of mergers and acquisitions.Therefore,the mergers and acquisitions of enterprises should be viewed rationally and objectively,and advice should be given to the mergers and acquisitions of other enterprises in the industry.To rationally adjust corporate strategy,more attention should be paid to the development of long-term performance indicators,and shareholders' rights must be protected at all times.
Keywords/Search Tags:Cross-border M&A, M&A motivations, Financial performance
PDF Full Text Request
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