Research On Cross-border Mergers And Acquisitions Of Private Listed Companies

With the rapid development of China's economy and the saturation of traditional markets,competition between enterprises has become increasingly fierce,and the demand for technology and new markets has become greater and greater.Cross-border mergers and acquisitions have gradually become the mainstream means for enterprise expansion and development.Many private enterprises are no longer tied to local development,hoping to obtain new technologies and new markets from abroad,and have invested in the wave of cross-border mergers and acquisitions.However,there are still many problems in cross-border mergers and acquisitions of Chinese private enterprises.Especially in recent years,with the intensification of international trade conflicts,the cost of cross-border mergers and acquisitions by private enterprises has deepened and the difficulty has increased.This has severely restricted the rapid development of the private economy.So,can private enterprises now enhance their value through cross-border mergers and acquisitions? Can private enterprises gain more value through cross-border mergers and acquisitions under adverse conditions? What risks will private enterprises face in cross-border mergers and acquisitions? This article first explains the key content of cross-border mergers and acquisitions process,cross-border mergers and acquisitions motivation,mergers and acquisitions performance evaluation,mergers and acquisitions value creation;secondly,analyzes the actual situation,characteristics and existing problems of cross-border mergers and acquisitions of Chinese private enterprises at this stage;Taking Lianshi Nonferrous Metals' acquisition of Gardner in the UK as an example,it analyzes the causes of the merger and acquisition,analyzes the risks encountered by the enterprises in the merger,and then uses event research and accounting index methods to compare the performance of the companies before and after the merger.Finally,Summarize the value increase brought by the merger to the enterprise.Finally,it is concluded that the cross-border merger and acquisition of private enterprises will increase the value after a period of fermentation.It is hoped that it can provide a worthy reference and reference for the cross-border M & A road for private enterprises with cross-border M & A intentions.