A Research Of M&a Performance Of Companies

With the improvement of the market economic system and the development of economic globalization,a lot more enterprises expanded the operation scale via merging.Chinese enterprises are moving forward in the wave of merger,also many public companies expect to improve their operation conditions and scale through merger.As people always say Not Everything Is Perfect,also merger is the same.One successful merger might give a hand to enterprises' reorganization and adjusting their operation problems,in this result,the enterprises would enjoy positive impact from the better resources allocation.On the other hand,if the merger failed eventually,enterprises cannot achieve the original purpose but also get serious consequences between two companies,slow down the pace of developing even more,which might result in loss.One merger may bring rapid development for enterprises also may cause a serious problem to enterprises,whether merger can help companies develop rapidly or not is make people concerned.In this situation,it is having great theoretical and practical value to study the performance of merger and the merger activities.2013 was called the first year of China's merger,high-cost merger transactions seems never end.Company M complete the merger of company Y with one unbelievable offer,which also begins the merger in China's dairy industry.Researching the market performance and financial performance from company M's merger can analyze the development trend of merger and the potential impact of merger;on the same time,the impact of merger activity on performance also can be analyzed.The research results show that this merger did not achieve synergies,Company M is suffering from company Y's bad operation result and forced to face its own development problems.Firstly,this article analyzes the development history of global merger and the development process of China's merger,and then states the current situation of merger in China.Then it introduces the research background and methods of this paper.After that,the theoretical explanation about the concept and type of merger and the basic meaning of merger performance,and also summarizes the common methods of merger performance.Next part is reviewed company M's merger of company Y via the company's situation,the background of merger,the process merger and giving a detail analysis on its result.This article contributes the analysis of merger operating performance by using financial figure analysis and non-financial figure analysismethod,and ending with the countermeasures and revelation.Through the analysis of the financial performance of company M's merger of Ashley,which might offer some inspiration and reflection to enterprises and provide some recommendation for the dairy industry's merger operation activities.