Research On The Debt Integration After Enterprise Mergers And Acquisitions

Enterprise mergers and acquisitions(M&A) ,as a means of capital operation, have attracted more and more attention.Even though a lot of the M&A are successful, there are a large number of cases of failure。All these cases show that the integration after M&A is a key element in deciding their success or failure .In the Integration after Enterprise M&A, debt integration is a very difficult problem that can not be evaded.At first we review the condition of Enterprise M&A in foreign countries and our country,sum up the reasons for the failure and lead to the integration after Enterprise M&A. Because of he debt's great importance in the post-merger integration, so the object of this article is the debt integration after Enterprise M&A . The article fully observe and refer moder western theories of M&A motives and post-merger integration, raise a framework of the debt integration on the basis of realizing the M&A value,and explain the meaning ,aim,content and method of the debt integration.Then we deeply analyse the actual operation to the debt integration according to its theory and practice.Finally, policy proposals are put forward about the existing issues of the debt integration to strengthen the effect of the debt integration after Enterprise M&A.