Type Main Features Benefits Horizontal M & AMerge a competitor a) Achieve economies of scale b) Increase market share c) Enhance industry concentration Vertical M & AMerge a supplier or customer in the supply chain a) Extend the scope and depth of the business b) Save the transaction cost c) Improve coordination and specialization Mixed M & […]

a)Operation synergy:  1+1>2 Achieve economies of scale Take good advantages of the strengths of each side b)Financial synergy Reduce tax burden Smooth the fluctuation of cash flow Reduce capital needs Fully utilize free cash flow Reduce financing cost Improve finance capability c)Realize the potential value of the undervalued target company d)Increase the industry concentration e)Enhance the […]

StageTime periodMain Features I1995-1998 a) Most M&As incurred in manufacturing industry b) The buyers are mostly large international capital c) The targets are focused on listed company   II1998-2001 a) The scope of M&A extended to electronic manufacture, glass, rubber and food industries b) Indirect control mode was adopted   III2001-Present a) Foreigners have begun […]

In order to maintain the peaceful and competitive market order and social public interest, realize the effective allocation of social resources, promote the healthy development of competitiveness of enterprises, market economies have adopted the antitrust legislation and practices for implementing governmental regulation in the sense of antitrust in the M&A of enterprises.