
兼并收購,并購 (M\u0026A)
Mergers and acquisitions have played an important role in the growth of enterprises.
兼并與收購在企業的發展過程中起着非常重要的作用。
In 2010 emerging-market firms accounted for a third of the world’s $2.4 trillion tally of mergers and acquisitions.
2010年全球總值達2.4萬億美元的兼并與收購,其中三分之一由新興市場中的公司所占有。
Mergers and acquisitions are likely to pick up, not least because some smaller funds of funds may have to put themselves up for sale.
合并和兼并很可能會加速,尤其是因為一些小的組合基金可能不得不将自己出售。
Mergers and acquisitions mandates often require companies to pay banks a fee even if they are no longer involved at the time a deal is done, for instance.
例如本來,即便銀行并未持續參與到購并案交易完成,公司合并和購并授權書通常還是會要求企業付給銀行一道手續費;
China Eastern Airlines in 2002 is the lesson of mergers and acquisitions.
中國東方航空公司是合并和收購在2002年的教訓。
Mergers and acquisitions mandates often require companies to pay banks a fee even if they are no longer involved at the time a deal is done, for instance.
例如本來,即便銀行并未持續參與到購并案交易完成,公司合并和購并授權書通常還是會要求企業付給銀行一道手續費;
Part 10 looks at mergers and acquisitions and, more generally, at the control and governance of the firm.
第10部分介紹了公司的合并和收購,以及更加宏觀層面的公司控制和管理。
Potential career paths: While many students move into technology product management, you could also be prepared to work in related areas like mergers and acquisitions for IT firms.
潛在的職業道路:雖然很多學生從事産品與技術開發管理,但你也可以為從事技術相關的行業,如IT公司的企業并購做準備。
The value appraisal is the core of mergers and acquisitions of enterprises, and the estimation of the enterprises' value will directly affect mergers and acquisitions.
價值評估是企業并購決策的核心内容,對目标企業的價值估算的準确與否将直接關系着并購活動的成敗。
Mergers and acquisitions.
合并和收購。
Enterprise network expansion as a result of mergers and acquisitions.
企業收購和合并導緻的企業網絡擴充。
The performance evaluation of corporate mergers and acquisitions and foreign scholars commonly uses index of non-normal earnings and accounting empirical study.
國内外學者對企業并購的績效評價通常采用非正常收益法和會計指标法進行實證研究。
The legion of lawyers and bankers who specialise in mergers and acquisitions, for example, may at last have something to do.
比如說那些專職合并及收購的律師和銀行家們就很高興— 他們終于可能會有活幹了。
In many cases, distribution is due in large part to mergers and acquisitions.
在許多情況下,分布很大程度上歸因于合并和收購。
Protects customer investment in a highly volatile information management market in which mergers and acquisitions frequently take place.
保護用戶在很不穩定的信息管理市場裡的投資,在那裡經常會出現合并和收購。
Organic growth through mergers and acquisitions will not bring companies effective profit growths in the short term, Wang said.
王健林說,“合并和收購導緻的規模增長不會在短期内給公司帶來有效的利潤增加。
Mergers and acquisitions among companies and organizations often require data and application architects to integrate disparate data sources into a unified view of the data.
公司和組織間的合并和收購通常要求數據和應用程式架構師将異類數據源集成到數據的統一視圖中。
Transformational change may be necessary in response to mergers and acquisitions, or a need to drive business unit transparency or independence.
轉變變化在響應合并和獲取的時候可能是必須的,在驅動業務單元透明性和獨立性時是需要的。
At the same time, the minimum efficient scale of production has increased over time, spurring mergers and acquisitions in order to gain economies of scale.
與此同時,為了獲得規模經濟,産品的最低有效生産規模隨着時間的推移增加了,促進了兼并和收購。
Another sign of change is corporate Japan’s sudden zeal for mergers and acquisitions, despite the uncertain business environment and a scarcity of capital.
變革的另一個标志就是雖然商業環境難以預測以及資金不足,日本企業卻突然熱衷于合并及收購。
Some of these Chinese brands will eventually go abroad via joint ventures or mergers and acquisitions.
這些中國品牌中的一部分,最終将會通過合資、兼并和收購的途徑走向國際市場。
Many times GDD happens through mergers and acquisitions: Companies don't instantly relocate and co-locate people or shut down one operation and/or merge them.
很多次GDD通過合并和收購發生:公司不是馬上重新部署和共同部署員工或者關閉一項業務并且/或者将他們合并。
|business merger;企業并購;兼并與收購
并購(Mergers and Acquisitions, M&A) 是企業戰略與財務活動中的核心概念,指兩家或多家獨立企業通過産權交易、資産重組等方式結合所有權或控制權,以實現資源整合、市場擴張或戰略轉型的商業行為。以下從定義、類型、動因、流程及影響等方面詳細闡釋:
類型 | 特點 | 典型案例 |
---|---|---|
橫向并購 | 同行業競争對手合并,減少競争、擴大市場份額 | 美團收購摩拜單車 |
縱向并購 | 産業鍊上下遊企業整合,控制供應鍊或銷售渠道 | 迪士尼收購21世紀福克斯(内容制作與分發) |
混合并購 | 跨行業企業合并,實現多元化經營 | 亞馬遜收購全食超市(電商+零售) |
杠杆收購 (LBO) | 借債融資收購目标公司,以目标公司資産/現金流償還債務 | KKR收購雷諾茲-納貝斯克 |
通過整合資源降低成本(如采購、生産)或提升收入(如交叉銷售、技術共享)。據麥肯錫研究,成功的并購可創造平均10-25%的協同價值 。
快速進入新地域市場(如跨境并購)或細分領域,規避市場準入壁壘。
收購擁有核心專利或研發團隊的公司,彌補自身技術短闆(如谷歌收購Android Inc.)。
通過并購抵禦惡意收購(如“毒丸計劃”)或行業整合壓力。
mergers and acquisitions(簡稱M&A)是企業經營中常見的資本運作方式,指通過兼并和收購實現企業控制權轉移或資源整合。以下是詳細解釋:
若需進一步了解具體案例或流程,可參考專業財經平台或學術文獻。
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