| After the financial crisis, the circumstance of the world economy is slowly recovering. In order to increase international competitiveness, all countries start to carry out mergers and acquisitions behavior. Since the reform and opening up, the automobile industry in our country is developing rapidly, and is building our own brands. But professional technology is still lagging behind foreign companies. Therefore, our country will look to the foreign countries, to seek cross-border mergers and acquisitions.Cross-border mergers and acquisitions is a behavior of risk and return. In this way, we can get the technical capital of the M & A enterprises in a short term, but it also has great risks. Therefore, we should do a good job in financial preparation before the merger, do a good job in financial due diligence,choose to meet the enterprise’s own strategic development of the M & A.They should carry out a complete asset appraisal, risk assessment and financial review to the target enterprise.At the same time, M & A enterprises should combine their own financial and operating conditions.in order to achieve the desired purpose,the enterprise should take reasonable and necessary financing mode, and take the appropriate financial M & A method.What’s more, the integration after M & A is the key factor to the success of M & A. We must consider the situation of both sides of the merger and acquisition, make appropriate management system, carry out various integration. Integration includes financial, culture, human resources and other aspects of integration, among which financial integration is the most important.In this paper, I analyze the case that Geely Group as a representative of the automobile industry mergers and acquisitions.This paper describes the motivation and process and the problems existing in the financial integration, analyses the financial performance and risk of cross-border mergers and acquisitions. Then get the corresponding enlightenment. |
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