2. For the acquirer, it is to expand the scale of the enterprise and shorten the return period of investment.
3. For small and medium-sized investors, it is equal to abandoning the dark and investing in the bright.
4. For the whole industry, optimize resource allocation.
For ordinary employees, the working environment and treatment have been greatly improved.
Benefits of mergers and acquisitions of listed companies
1. The biggest advantage of merging into a listed company is financial support. Listed companies are a good financing platform. Due to the existence of liquidity premium, listed companies can obtain equity capital at lower financing cost by issuing shares.
2. The financial status and credit rating of listed companies are usually higher, and it is easier to obtain debt financing. Merger and acquisition of listed companies can promote the further development of enterprises that encounter serious capital bottlenecks.
3. In addition to financial support, the merged listed companies can also benefit from various "spillover effects". For example, the management and internal control of listed companies are relatively standardized, and the merger system of listed companies can improve the management and internal control level of the acquired party.
4. Listed companies usually have a certain popularity in the market, and the use of listed companies' brands can help the acquired party to explore the market. In addition, the technology, technology and experience of listed companies can be extended to the acquired party to improve the production process and improve production efficiency.
M&A risk of listed companies
After a listed company merges an enterprise, the original shareholders of the enterprise will lose control of their own company. After M&A, listed companies will make layout according to their own strategic logic, which is likely to change or break some of the company's original business and business models.
In addition, the possible integration is unsuccessful, and the equity of the listed company acquired by the original shareholders after the merger will be locked for three years to complete the performance gambling. If the premium rate of assets acquired by listed companies is high, it also needs the corresponding high profit commitment to support it. Otherwise, you will need so much money to buy what you do here.
These three years often make the original managers of enterprises more worried, even more worried than when they first started their business. Think about it, a lot of money is in front of us. If we can't complete the performance betting, according to the agreement at the time of sale, we may not only be repurchased by 1 yuan, but even be fined cash, which will make the enterprise lose money and be heavily in debt.
Post-acquisition employee placement is also a possible problem, especially many post-acquisition layoffs, which should also be considered. Of course, there are more risks, such as the R&D operation ability of game companies, whether the market will continue to buy and so on. There are still many things to consider.