Mergers and acquisitions among enterprises is one of the important forms of enterprise development and growth.The motivations,forms,methods,influencing factors,effects and results of mergers and acquisitions have become hot topics in the capital market.Mergers and acquisitions among enterprises is driven by internal factors as well as external factors,which is the performance of survival of the fittest in the market economy.The mergers and reorganization of enterprises through internal asset reorganization,external acquisition and alliance between powerful enterprises is an effective means for enterprises to strengthen themselves and pursue efficient development.No matter what motivation or method the company adopts,it is committed to achieving the set goals of the company and promoting the long-term development of the company.Therefore,how to skillfully use the means of mergers and acquisitions,to effectively avoid and control various mergers and acquisitions risks,and achieve the goal of mergers and acquisitions and maximize the value of enterprises at the least cost is the focus of the market.This article takes Shuanghui Development’s mergers and acquisitions its parent company Shuanghui Group,a hot event in the capital market in 2019 as an example.It adopts the literature research method,case analysis method,financial indexes method and event research method to sort out the relevant literature and literature of existing experts and scholars,focusing on the analysis of listing in the field of agriculture the motivations of company mergers and acquisitions and the effects of mergers and acquisitions.This article discusses the changes in operation management,corporate governance structure and performance of Shuanghui before and after the Mergers and acquisitions.The motivations of this mergers are: optimizing the governance structure;integrating the industrial chain;promoting the company’s development strategy;adjusting the structure,reducing costs,and promoting industrial transformation.And evaluating the performance before and after mergers and acquisitions from different perspectives such as financial performance,economic added value and non-financial indicators,and evaluate the performance of mergers and acquisitions from the perspectives of national macro policies,the choice of mergers and acquisitions,the attitude of management and governance to mergers and acquisitions,and the cost and scale of mergers and acquisitions to analysis the influencing factors of mergers and acquisitions.After the above analysis,it is believed that Shuanghui Development has achieved scale synergy after mergers and acquisitions,which has brought a significant impact on performance improvement and financial performance,and effectively promoted the realization of the company’s established strategic goals.Its successful experience lies in: the mergers and acquisitions of enterprise assets under the same control can effectively reduce transaction costs and risks,promoting the smooth realization of mergers and acquisitions’ s goals,and providing certain reference for the mergers and acquisitions’ s behavior of similar enterprises in the future. |