Research On The Financial Effect Of Vatti's Acquisition Of Best

With the rapid development of the socialist market economy,M & A has become an important economic means for Chinese enterprises to obtain market competitive advantage.In recent years,from the traditional industry mergers and acquisitions to emerging industry mergers and acquisitions,mergers and acquisitions from the same industry to cross industry mergers and acquisitions,mergers and acquisitions from domestic to international mergers and acquisitions,mergers and acquisitions events emerge in an endless stream,the number increasing year by year,the scale is also expanding.As an important field of high profit of the home appliance industry,kitchen appliances industry has become increasingly fierce competition,in order to expand the market,seize the market,kitchen appliances enterprises through mergers and acquisitions to obtain epitaxial rapid development is very important.In this paper,the case of Vatti's acquisition of Bset as the object of study,in-depth analysis of the financial effects of mergers andacquisitions,to provide reference for the theory and practice of M & A in the industry.In this paper,by using principal component analysis method and event study method,with the case of Vatti's acquisition of Bset as the object of study,in-depth analysis of the merger synergies,Vatti's acquisition of Bset impact on operating performance and market reaction of mergers and acquisitions.This paper is divided into five parts: the first part of the introduction.It mainly introduces the background and significance of the research;the second part is the theoretical basis and literature review.This paper mainly introduces the basic theory of M & A and the research status at home and abroad.The third part is the background and motivation analysis of the Vatti M &A case.This paper mainly introduces the brief situation of the case of Vatti stock merger and acquisition,and makes the SWOT analysis and M &A motivation analysis.The fourth part is the financial effect analysis of the Vatti M &A case.The paper analyzes the synergy effect of Vatti merger and acquisition,the impact of EVA on the performance of mergers and acquisitions and the market reaction of M & A events;The fifth part is theconclusion and enlightenment.Summarize the research conclusion and put forward some enlightenments.Through the above research,this paper draws the following conclusions:(a)mergers and acquisitions has achieved good management synergy,operation synergy and financial synergy effect;(b)the effective promotion of the long-term performancein growth after acquisition of Vatti shares;(tc)M&A has achieved good market response,investors regarded mergers and acquisitions as a good news and shareholder's wealth was increased.