The Research On Financing Model Of Shuanghui Transnational M&A

With the continuous development of the domestic economic level and the deepening of economic globalization,economic pressures such as overcapacity and weighing on RMB in the domestic market begin to appear.Meanwhile,competition between domestic enterprises is becoming more and more intense.More and more corporations begin to implement "go global" strategy in order to improve enterprise competitiveness.Mergers and acquisitions of transnational corporations is an important form of expression of "go global" strategy.Mergers and acquisitions of transnational corporations is both an opportunity and a challenge for domestic enterprises.According to the Wind M&A database in 2016,the number of M&A cases of transnational corporations increased by181%,but the failure rate of M&A cases of transnational corporations was as high as 60%.The thesis first introduces the background of the selected topic and the present situation of domestic and foreign research,summarizes the related theories of transnational M&A financing,then elaborates and analyzes the domestic and international background of the Shuanghui-Smithfield M & A case,process and motivation of mergers and acquisitions.After that,the thesis analyzes Shuanghui International’s demand for M &A funds,M & A payment methods,financing arrangements,financing risk and financing effectiveness.Finally,the thesis draws it`s conclusion.The contribution of this thesis is that summarizes the successful financing experience of Shuanghui international M&A,and enriches the literature research on M&A financing.The proposed suggestions can provide reference and reference value for the successful transnational mergers and acquisitions of future enterprises in our country.Based on the analysis of the case of the Shuanghui-Smithfield M & A financing decision,it is found that M & A financing decision is the key to the successful implementation of mergers and acquisitions of transnational corporations At the same time,it will have a profound impact on the follow-up management of the enterprise.In big environment that the rate of cross-border mergers and acquisitions failure cases is higher,it is necessary to study the Shuanghui-Smithfield transnational M&A financing case,which can provide reference and reference for cross-border mergers and acquisitions of Chinese enterprises.