A Study On The Economic Consequences Of The Merger Of HL Group Enterprises

In recent years, meet the eye everywhere the case of overseas mergers and acquisitions of domestic enterprises, government support of state-owned enterprises "going out" strategy in this regard. The steel industry is one of the important industrial countries, is an important basic industry of the national economy, the steel industry is in the middle position of the industrial chain, has a close relationship with the national infrastructure construction, beneficial to the people's livelihood relationship. After 10 years of continuous development, Chinese steel industry has entered a low profit era". But the steel enterprises face the challenges as well as opportunities. Internationalization can help enterprises understand the international market information, to seek greater market space and better supply of resources, alleviate the contradiction of excessive competition in the domestic enterprises. H group is one of the ten major domestic iron and steel enterprises, actively seeking overseas mergers and acquisitions, to achieve resource self-sufficiency, improve economic efficiency through cross-border mergers and acquisitions, the first domestic iron and steel enterprises overseas mergers and acquisitions based on becoming the industry model of overseas mergers and acquisitions.At home and abroad to a merger of the research on the literature review, in understanding both at home and abroad of enterprise merger based on the economic consequences of that in group H M& f enterprise research object, after the merger of the economic consequences as the research content. The relevant data collected before and after the economic effects of mergers and acquisitions including H group were analyzed before and after the merger and acquisition DuPont index, tax decision, capital structure and other financial indicators, the beneficial side is mainly reflected in the short-term economic benefits, including income growth and stock value growth. The disadvantage is the potential risk of mergers and acquisitions, including strategic risk, financing risk, risk management. Based on the judgment of H group's acquisition of F company is as a success. Finally, summing up the successful experience including the selection of targets, the correct implementation of mergers and acquisitions for the organization and acquisition of resources reasonably and fully. To establish correct acquisition strategy and choose a reasonable way of financing and investment, diversified management and timely adjustment of the differences in the process of merger integration and government support policy suggestions for making full use of.