Study On The Motivation And Influence Of Galanz’s Tender Offer For Whirlpool(China)

In recent years,with the in-depth development of China’s economic system reform and market environment,enterprises are more inclined to realize the rapid development of the company through M & A.Tender offer has become the fashion way of acquisition and the fair procedure of acquisition.From the emergence of China’s first tender offer case in 2003 to the end of 2021,there have been 136 tender offers in Shanghai and Shenzhen stock markets.Tender offer is not only a main trading method in China’s company acquisition system,but also a special securities trading behavior.At the same time,it is also an important means to transfer the company’s control.Based on the theory of tender offer,this article researchs the case of Galanz tender offer for whirlpool(China),and analyzes the purpose,process and motivation of Galanz tender offer for whirlpool(China),as well as the impact of tender offer.Firstly,this article elaborates the theory of tender offer and analyzes the present situation of tender offer in China.Secondly,adopting the way of case study,this article analyzes the agent of tender offer from the aspects of operation,enterprise development and enterprise management of Galanz and whirlpool(China).On this basis,this article further analyzes the impact of tender offer by studying the strategic planning,financial performance and market performance of enterprises after tender offer.Finally,combined with cases,this paper analyzes and summarizes the conditions required for a successful tender offer and the impact on the enterprise.By analyzing the typical case of Galanz’s tender offer of whirlpool(China),this paper focuses on the motivation and impact of tender offer,and comes to the conclusion that tender offer can improve the efficiency of acquisition,expand market share,bring scale effect and be conducive to the listing of enterprises,and a successful acquisition needs to select the suitable time,appropriate way,appropriate objectives and successful post acquisition integration.The purpose is to provide reference for the successful tender offer of private enterprises,in order to accelerate the fine and orderly growth of China’s capital market.