Study On Corporate Mergers And Acqusitions

The economy of China has received a very rapid development for30years since the reform and opening up. With the development of economy, the trend of M&A between enterprises also accelerated. The scale of the enterprises’ M&A becomes larger, and industries are also more and more involved in M&A. Enterprises through the transfer of property rights, realize the industrial structure adjustment and rational allocation of resources, to make a significant contribution to economic development. In this paper from the perspective of M&A, we select Ping An merge with Shenzhen Development Bank as the material, mainly introduce the motivation of M&A related parties, describes the process and effects of M&A in detail. Through the research on M&A case, provide a good reference and ideas for M&A of the domestic financial institutions In the future.This paper is divided into five chapters:the first chapter is the introduction, briefly introduced the background and significance, the research ideology and framework, the innovation and deficiencies; the second chapter is the theory of M&A, introduces the concept, the classification, the motivation of M&A and problems related to M&A may face, paving the way for the analysis of later part; The third chapter is a brief analysis of the background and process of M&A, which mainly introduced the whole process, motivation and related parties of the of M&A, this chapter have described the whole case; the fourth chapter is assets pricing and effect analysis of M&A, on the one hand, make a study on the rationality of merger price.; on the other hand, this chapter will make a comprehensive analysis about the effects of M&A, Influence on the related parties, Including the stock performance and so on; all these made a foundation for coming to conclusion. The fifth chapter is the significance and enlightenment of M&A., this chapter is the summary of the whole case, we identify the problems of M&A, put forward the proposal and the enlightenment, It have a certain reference value for M&A of the domestic financial institutions In the future.