Our Country Private Enterprise Overseas M&a Strategic Decision Of Financial Support For Research

Overseas m&a in recent years has made considerable development,the quantity and amount for private enterprises become main force of overseas mergers and acquisitions market too,but due to lack of effective strategic decisions and financial support,Chinese enterprises in overseas mergers and acquisitions,there is no significant effect.Before there are many theory respectively studied in overseas m&a strategy and financial operation,but the influence mechanism between the rare study author.This article selects the rare "snake swallow like" m&a case analysis,in order to draw private enterprise strategic decision and the influence of the financial support mechanism,provide has a referential experience for subsequent enterprises.In our country,itself has the problem of financing difficulties of private enterprises,the company "snake swallow like" in finance and the state of the integration of the late a lot of pressure.Day's Talison Lithium Pty Ltd acquisition case is more successful cases in the private enterprises overseas acquisitions in China,in the competition first step to access to the target enterprise Talison Lithium Pty Ltd,How Tianqi Lithium Industries make strategic decisions and strong financial support to eventually make m&a success is worth studying.This article generalizes the in this case the whole process of m&a,summarized in the process of mergers and acquisitions to intercept acquisition,continuous acquisition bidding agreement,three consecutive m&a strategy,at the same time analyzed the day's Tianqi Lithium triangular merger,acquisition and reorganization,expand the financing channels,adjust the structure of debt equity and other three kinds of financial support,finally come to the conclusion that the private enterprises in overseas m&a strategy on financial support path: the influence of the approval process,the management scale,payment deadlines and financing cost and financing cost.Found that when mergers and acquisitions of political approval for a long time,need for multinational management structure of the party for using triangular merger,acquisition and reorganization merger,usually with a wholly owned subsidiary as the main body to match the target acquisition;Preference for equity financing of private enterprises in our country,and in equity financing can't raise money for effective payment period,seeking outside investors and syndicated loan is a very important financing channels;The arrival of the financing cost of capital in the integration of financial stress can lower short-term borrowing in interest instead of higher long-term loans and interest adjustment to relieve the equity ownership structure.To Tianqi Lithium strategic decision and influence mechanism between the financial support can to a certain extent,the end of the perfect theoretical system of overseas m&a,at the same time,according to Tianqi Lithium decision and financial support in the strategy of m&a behavior,for later want to overseas mergers and acquisitions of enterprise summarizes three enlightenments: reasonable use of innovative deal structure,emphasis on bank loans,strengthen the integration of financial management.For subsequent to overseas mergers and acquisitions of enterprises provides a certain reference of experience.