Study On M&A Synergic Effect

With the rapid development of the global economy, more and more enterprises have more room for development. In order to meet the expansion of the scale of production and operation, mergers and acquisitions have become the main means of expansion. Mergers and acquisitions in the world arena has a long history, in the highly developed Modern Corporation, M & A activities can be said to be carried out every day. China has experienced the reform of the market economy, but also emerged a large number of outstanding enterprises in order to seek a way out, and actively carry out M & a activities. Although a lot of or inside and outside the successful M & A case, but due to the merger of the complexity of the lead to its failure are numerous. So, in the end what is restricting the success of mergers and acquisitions itself? One of the important factors that affect the success of M & A is whether there is a synergy effect of M & A. This paper at home and abroad mature synergistic effect theory based on, combined with the dairy industry the largest M & A Case- Mengniu m Ashley, from three aspects of management, business and financial analysis case is the coordination effect of M & A, which synergies, and the synergistic effect is how to play the role of.And to provide theoretical basis for the future of the food industry mergers and acquisitions activities.The whole paper is divided into five parts. The first part is the introduction, introduces the writing background, significance, purpose, research ideas and methods and domestic and foreign scholars in this field of research results; the second part is the theoretical basis, first introduced the theory of mergers and acquisitions, M & a conception, classification and effect, including the, and on this basis and stated the synergistic effect of classification and evaluation methods and principles; the third part detailed introduces the case of mergers and acquisitions both sides and M & a complete process; the fourth part using collaborative effect theory analysis case of the occurrence of the synergistic effect; the fifth part is the case summaries and recommendations, as well as the case brought us the enlightenment.