Legal analysis: 1. The ways of enterprise merger are: 1. Buy the target company as a whole. The specific practice and consequence of the overall acquisition of the target company is that the acquirer will annex all the target companies. At the end of the merger, the target company will no longer exist alone and become a part of the acquirer. 2. Acquisition of the assets of the target company. Acquisition of the assets of the target company refers to the acquisition of part or all of the assets of the target company. 3. Acquisition of the equity of the target company. In this form, the acquirer makes an offer through agreement or compulsory acquisition to obtain a certain number of shares or shares of the target company. 2. Risks in enterprise M&A include: risks in enterprise M&A refer to risks arising from unreasonable operation in terms of price, sources of funds and payment methods. The main forms of risk are as follows: 1. Valuation risk. Because China's asset appraisal industry is in the development stage, the technology or means of appraisal are not mature, and this error may be more obvious. In addition, driven by various interventions or self-interests, the asset appraisal department may also issue false appraisal reports regardless of professional ethics. 2. Financing and payment risks. Generally speaking, M&A needs a lot of financial support. No matter which financing method an enterprise chooses, there are certain financing risks. If the price paid by the acquirer in the acquisition is too high, it may lead to the deterioration of the capital structure, the high debt ratio and the inability to pay the principal and interest after the acquisition.
Legal basis: Article 172 of the Company Law of People's Republic of China (PRC), the merger of companies can take the form of absorption merger or new merger. A company absorbs other companies for merger, and the absorbed company is dissolved. The merger of two or more companies to form a new company is a new merger, and the parties to the merger are dissolved.