1. Stock purchase
Equity purchase means that an enterprise gains control over another enterprise by purchasing its equity. Equity acquisition can be divided into public acquisition and private acquisition.
Public takeover refers to the acquisition of shares of the target company in the securities market, so as to gain control of the target company. Private takeover refers to the acquisition of the equity of the target company in a private way after negotiating with the shareholders of the target company and reaching an acquisition agreement.
The operation steps of equity acquisition mainly include: determining the acquisition target, conducting due diligence, determining the purchase price, negotiating with the target company, signing the acquisition agreement, and completing the delivery.
2. Asset acquisition
Asset acquisition means that an enterprise gains control over another enterprise by acquiring its assets. Asset acquisition can be divided into two ways: overall acquisition and partial acquisition.
Overall acquisition refers to the acquisition of all assets of the target company, including its fixed assets, intangible assets, inventory, accounts receivable, etc. Partial acquisition refers to the acquisition of only part of the assets of the target company, such as a business department or a patented technology.
The operation steps of asset acquisition mainly include: determining the acquisition target, conducting due diligence, determining the purchase price, negotiating with the target company, signing the acquisition agreement, and completing the delivery.
merge
Merger means that two or more enterprises integrate their respective businesses to form a new enterprise. Merger can be divided into vertical merger, horizontal integration merger and diversified merger.
Vertical merger refers to the merger between enterprises in the same industrial chain, such as the merger of a steel plant and an ironmaking plant. Horizontal integration refers to the merger of enterprises in the same industry, such as the merger of two electronic enterprises. Diversified M&A refers to the merger of enterprises in different industries, such as a real estate enterprise and a hotel enterprise.
The operation steps of M&A mainly include: determining the target of M&A, conducting due diligence, making the M&A plan, negotiating with the target of M&A, signing the M&A agreement and completing the M&A..
4. Mergers and acquisitions
M&A means that an enterprise acquires the equity or assets of another enterprise and integrates its business to form a new enterprise. Mergers and acquisitions can be divided into three ways: vertical mergers and acquisitions, horizontal mergers and acquisitions and diversified mergers and acquisitions.
Vertical M&A refers to the M&A of enterprises in the supply chain, such as an automobile manufacturing enterprise acquiring a parts supply enterprise. Horizontal merger refers to the merger of enterprises in the same industry, such as the merger of two express delivery companies. Diversified mergers and acquisitions refer to the mergers and acquisitions of enterprises in different industries, such as the merger and acquisition of a real estate enterprise by an electronic enterprise.
The operation steps of M&A mainly include: determining M&A objects, conducting due diligence, making M&A plans, negotiating with M&A objects, signing M&A agreements, and completing M&A, etc.
final result
The above is the classification and operation steps of M&A method. In the process of M&A, enterprises should choose the appropriate M&A method according to their own conditions, and pay attention to the risk control in the operation process to ensure the smooth progress of M&A.