Research On The Value Of Investment M&A Project Based On Gambling Agreement

With the development of the social economy and the acceleration of globalization,the capital operation activities of equity investment and mergers and acquisitions are becoming more and more frequent,and more and more investment institutions and large companies want to invest through merger and acquisition with the development potential of small companies,thus broadening their own industrial strategy layout,obtaining high returns in the process of the development of the enterprise invested in the future.Investment in mergers and acquisitions in China has developed rapidly with transformation of economic development patterns,and foreign capital mergers and acquisitions of domestic companies and large domestic companies mergers and acquisitions of small companies continue to increase the number of cases.These companies in the investment and acquisition activities are generally used in the gambling agreement,and making gambling agreement is already an integral part of M & A behavior.This paper is in this economic context,to explore the value of investment projects under the gambling agreement.This article uses the case study method,selected Huawu shares investment and acquisition of golden trade fluid gambling event as a research object.Based on the use of traditional net present value method,this paper takes into account the option value of the gambling agreement,thus creatively introduced the B-S option pricing model of the gambling agreement,and to revise the value of the investment and acquisition project,making the valuation of the investment and acquisition project more reasonable.