Research On The Motivation And Synergy Of Corporate Cross-border M & A

Since the first industrial revolution in the 1860 s,there have been five waves of cross-border mergers and acquisitions by companies in Europe and the United States,and a number of well-known multinational companies have emerged.In early 2008,the outbreak of the subprime mortgage crisis dragged the economies of Europe and the United States into the mire,which slowed down the pace of cross-border mergers and acquisitions,while China and similar economies quickly escaped from the subprime crisis through their own strategies,and Positive performance and vitality.In order to achieve consumption upgrade and industrial structure adjustment in China,the globalization strategy of Chinese enterprises,especially private enterprises,needs to be changed from “introduction” to “going global”.Many Chinese companies have begun to choose cross-border mergers and acquisitions to strengthen their own development and actively participate in cross-border revenue.In the wave of globalization,M & A intends to seek high-quality integration of production technology and production materials,and to increase performance through external growth to find growth points,so as to achieve the upgrading of the industrial structure of enterprises.Under the rapid domestic economic situation,huge reform The pressure is on state-owned enterprises.Private enterprises have become increasingly prominent under the new economic normal,and have gradually evolved into the main force of China’s cross-border mergers and acquisitions.Therefore,in the current economic environment,the research on the causes and synergies of cross-border mergers and acquisitions of private enterprises is more representative and valuable.The research object of this article is Tianqi Lithium Industry Co.,Ltd.,which is the largest lithium product manufacturing and processing company in China,and the merger and acquisition company has been listed for less than three years and acquired the global lithium giant.The acquisition amount is huge,which is a typical case of mergers and acquisitions.This article focuses on the causes of the cross-border mergers and acquisitions and mergers and acquisitions integration,focusing on the analysis of the value created by cross-border mergers and acquisitions companies and the synergy effects brought by mergers and acquisitions integration.Finally,combined with the analysis results,summarize the problems existing in cross-border mergers and acquisitions of private enterprises and the experience of improving synergies,and provide reference suggestions for cross-border mergers and acquisitions of private enterprises in China.In the first part,the research background,purpose,significance,methods and article structure of this article are described,and related literatures are reviewed;in the second part,the related theories of motivations and synergies of mergers and acquisitions and cross-border mergers and acquisitions are reviewed;The case analysis of Tianqi Lithium’s acquisition of Thaleson,the fourth part analyzes the synergy effect after the merger.It is mainly based on the company’s own situation and the current status of the lithium industry,and analyzes the motivation and synergy effects of this cross-border merger and acquisition from three perspectives: business synergy,management synergy,and financial synergy.Finally,combined with the analysis results,summarize the experience and provide reference suggestions for the cross-border mergers and acquisitions of Chinese private enterprises.