Jidong Development Group Co., Ltd M&A Decision Research

Since2006, cement industry propose accelerating industry consolidation andreorganization through M&A to eliminate backward production capacity and restrainexcess production as well as increase market concentration. Jidong Development Groupco. Ltd. rely mainly on building new product line in scale expansion rather than M&A,and should improve the quality, scale and efficiency of M&A in future.The research content of the dissertation is M&A decision-making, which coverstarget company selection, risk management, trade and integration. Combining theory withpractice as well as qualitative with quantitative analysis, the dissertation analyzes the rootof the problems in M&A decision-making of Jidong development group, and puts forwardthe countermeasures of optimization in order to promote M&A decision-making.The dissertation expounds the concept and theory of M&A and M&A decision basedon the research of M&A home and abroad; analyzes the external environments, ownability, reviews M&A project since2000, puts forward the existing problems in the M&Adecision-making; basing on evaluation index system, index weight determined by Delphimethod,and fuzzy comprehensive evaluation model, evaluates the Jidong developmentgroup M&A decision-making quantitatively; puts forward the optimizationcountermeasure of Jidong development group M&A decision-making.The dissertation suggest that Jidong development group is capable in M&Aintegration and risk decision-making; the company should promote strategy of M&A toprovide scientific basis for decision-making, and choose better target enterprise to expandthe merger synergies. In addition, the dissertation also puts forward the countermeasuresto optimize M&A decision-making by setting a clear M&A strategy, enhancing M&Aability and integration, as well as basic skill.