First, the nature is different.
1, enterprise merger and acquisition: in the process of enterprise control movement, each right subject makes a right transfer behavior according to the institutional arrangement made by enterprise property rights.
2. Business combination: Two or more enterprises merge their assets by concluding a merger agreement in accordance with relevant laws and regulations.
Second, the motives are different.
1.M&A: As an important investment activity, M&A's motivation mainly comes from the pursuit of maximizing capital appreciation and competitive pressure. However, as far as the M&A behavior of a single enterprise is concerned, there will be different motives and different concrete manifestations in real life. Different enterprises determine the motivation of M&A according to their own development strategies.
2. Enterprise merger: accelerate enterprise development, such as expanding market share as soon as possible; Diversification of management and production; Control raw materials and resources to gain greater market power; Realize economies of scale and organize mass production.
Extended data:
Classification of enterprise mergers and acquisitions:
According to the legal form, enterprise merger can be divided into absorption merger, creation merger and holding merger.
1, absorption and merger. Absorption and merger, also known as merger, refers to an enterprise acquiring one or more other enterprises by issuing stocks, paying cash or issuing bonds.
2. Create a merge. Incorporation refers to the merger of two or more enterprises to form a new enterprise, and the shares of the new enterprise are exchanged for the shares of the original enterprise.
3. Holding merger. Holding merger, also known as obtaining controlling rights, refers to an enterprise obtaining all or part of the voting shares of another enterprise by paying cash or issuing stocks or bonds.
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