Enterprise mergers and acquisitions are acts in which corporate legal persons acquire the property rights of other legal persons in a certain economic manner on the basis of equality, voluntariness, equal value and compensation. It is a major form of capital operation and management of enterprises. The difference between corporate mergers and acquisitions and corporate mergers is as follows:
1. Different natures
1. Corporate mergers and acquisitions: In the process of corporate control rights movement, the institutional arrangements made by each rights subject based on corporate property rights An act of transferring rights.
2. Business merger: Two or more companies merge their assets into one entity by entering into a merger agreement and in accordance with relevant laws and regulations.
2. Different motivations
1. Corporate mergers and acquisitions: As an important investment activity, corporate mergers and acquisitions are mainly driven by the motivation to pursue maximum capital appreciation and competition. Pressure and other factors, but as for the merger and acquisition behavior of a single enterprise, there will be different motivations and different specific manifestations in real life. Different enterprises determine the motivations for mergers and acquisitions according to their own development strategies.
2. Enterprise merger: Accelerate enterprise development, such as to expand market share as soon as possible; diversify operations and production; control raw materials and resources to gain greater market power; achieve economies of scale and organize large Mass production etc.
Extended information:
Classification of enterprise mergers and acquisitions:
Enterprise mergers and acquisitions are divided into absorption mergers, creation mergers and holding mergers according to legal forms.
1. Absorption and merger. Merger by absorption, also known as merger, refers to an enterprise acquiring one or several other enterprises by issuing stocks, paying cash or issuing bonds.
2. Create a merger. Creation merger refers to a merger in which two or more enterprises join forces to establish a new enterprise, and the shares of the new enterprise are exchanged for the shares of the original companies.
3. Holding merger. A holding merger, also known as obtaining control equity, means that one company acquires all or part of the voting shares of another company by paying cash, issuing stocks or bonds.
Baidu Encyclopedia-Business Mergers and Acquisitions
Baidu Encyclopedia-Business Mergers and Acquisitions