A Case Study Of The Payment Methods Of Tonghuajinma Mergers And Acquisitions Shengtai Shengwu

With the continuous adjustment of China’s economic structure,the pace of industrial upgrading is accelerating,mergers and acquisitions of listed companies in full swing in the ups and downs.In order to expand the scale,rapid access to resources in order to obtain competitive initiative,to achieve complementary advantages,more and more enterprises choose to buy this important channel.In the process of M & A transaction,the choice of payment method is very important,not only about the whole M & A process can do so,but also have an important impact on the integration after mergers and acquisitions,so it is imminent to study how to choose the most suitable M & A payment.Based on the research of M & A payment theory at home and abroad,this paper takes the case of acquisition of Shengtai Shengwu Company from Tonghua Jinma listed company as the research object,and combs the basic situation and transaction demands of M & A parties.The parties expect to expand the scale to achieve complementary advantages,enhance the ability to resist risks and achieve synergies.This paper mainly discusses the complex payment methods adopted by Tonghua Jinma M & A from the aspects of M & A motivation,financial condition,capital structure,financing ability and tax policy,and further compares the cost of different payment methods and analyzes the influencing factors But also with the analysis of the pros and cons of payment methods to verify the payment of the choice of the inevitable and reasonable.At the end of this paper,the paper analyzes the problems that may arise from the M & A in order to attract the attention of the relevant parties,mainly the overvalued target enterprises,the control rights after the acquisition,the risks brought by the bridge financing and the performance compensation.But also to the diversity of M & A options to provide a guide for reference.