In The Discussion Enterprise Merger And Acquisition Process Goal Company Estimates The Question

Enterprise merger and acquisition is a complicated systematic project, at presentour country enterprise merger and acquisition target selection in practice there aremany problems, the inappropriate choice of target and its valuation is unreasonablealready became one of the important factors leading to failure of M&a..Accordingly, want to try to overcome their shortcomings, then from the theoreticalaspects step by step to find a reasonable way to guide the practice, but theacquisition of the research are mostly concentrated in the M&A behavior,performance evaluation and integration after the merger and other fields. Thepurpose of this paper is to make the enterprise merger and acquisition targetselection and valuation as a subject for research.Merger and acquisition target enterprise selection and its value evaluation is akey link in early-stage, M&a decision problem, the success of M&a play adecisive role. In the M&A of enterprises, some enterprises do not attach importanceto the choice of target enterprises and the evaluation of its value, or just to improvefinancial statements, and selection of the target enterprises and sloppy valuation, andnot from the enterprise long-term development point of view, the final effect ofmergers and acquisitions in the actual results. With the development of economy,merger and acquisition has become the preferred means for enterprise expansion,therefore how to select the target enterprise and its true value has become theprecondition and basis of successful implementation of mergers and acquisitions.This paper is aimed at the enterprise merger and acquisition target enterprise andhow to choose the correct appraisal research, with a view to provide guidance andreference for the practice of enterprise M&A, so this study has both theoreticalsignificance and practical significance.The enterprise merger and acquisition is the inevitable trend of development ofeconomic globalization, mergers and acquisitions M&A activity enables companies to achieve economies of scale and reduce the business risk. At the same time, canalso promote adjustment of the industrial structure, optimize the allocation ofresources, improve the overall competitiveness of the economy. Enterprises throughmergers and acquisitions will be partners into internal mechanism, can eliminate theproblem. This paper will focus on the enterprises merger before the whole researchto the formation of large organizations, so that the internal organization of thefunctions of the separation, the formation of a management based on internal marketsystem.This paper mainly from the point of view of theory research, and strive to be theexisting theory is reasonable, effective application to M&a practice. In enterprisemerger and acquisition (M&A) in information system integration is one of themost challenging tasks. In this paper, by presenting and illustrate the use of somemethod of analysis and planning after the merger integration is as planning theorygenerally extends, should consider the specific characteristics and acquisition ofrelevant background. This paper emphasizes that, planning benefit is fundamentallyin different ways to implement, it is also dependent on the merger or acquisition.And through the domestic and international research status quo dissection on theforeign acquisition of the status quo characteristics are briefly summarized, thenproduce such echo merger motives are briefly analyzed, and further explained thepast many enterprises merger failure reason where (i.e. risk factors). Through theoverview of the way to the target enterprise in mergers and acquisitions of theimportance of selection, and the qualitative method to the target enterprise selectionmainly according to the sequence of steps. Finally summed up the target enterpriseselection and evaluation of two is not to be treated separately, but should the systemas a whole research.