基于产业链延伸的中小企业并购分析——以泰鑫公司并购江林公司为案例-analysis of m a of small and medium-sized enterprises based on the extension of industrial chain - a case study of taixin companys m a of jianglin company.docxVIP

AbstractAs an important means of optimizing the allocation of resources, enterprise merger acquisition which is based on extension of the industrial chain is Long-standing in Western countries. In China, enterprise merger and acquisition have become a significant way to reconfigure the resources and increase the competitiveness of enterprises due to various reasons, such as the deepening of economic reform, the adjustment of industrial structure, international competition and so on. In recent years, Chinas M A has got exceedingly fiery, so a durative attention has been paid to the Chinese M A from all walks of life .In the trend of encouraging to seek their own development, small and medium enterprises should increase the release of M A passion and vigor; in search of aspiring aftertoday’s industrial integration development, small and mediumenterprises, from the perspective of industry chain extension, should use the vertical M A strategy for enterprises to seek a better and faster development in the future.M A is an investment activity. Although an enterprise from the M A of the industry chain, in the original industry, has a high matching degree and coordination, investmentdecision has to be very cautious. Especially for those investors of small and medium-sized enterprises who are lack of experience in mergers and acquisitions, feasibility study in M A is of utmost significance in the process of investment. So it is necessary to carry out detailed introduction and analysis of M A feasibility study on the main content to help investors grasp the key during the feasibility demonstration of M A.This article from the extension of the industrial chain perspective, using the theory of M A, according to the main content of M A feasibility study and analysis methods is introduced: project background, industry status and development trend, merger incentive, merger and acquisition pricing, financial and risk analysis along with countermeasures. Select Tai