美国高盛收购双汇案例分析.pptVIP

Section 3 Major challenges of the acquisition 1. Uncertain factors in the acquisition process Approval or putting on record of commercial departments Approval of China Securities Regulatory Commission It is important whether China Securities Regulatory Commission would permit the application that Shuanghui Group and Rotary Vortex subscribe for shares in this offering instead of holding shares in the way of contract. 2. Major challenges in the post-acquisition integration  Differences in the culture Gaps in enterprises’ cultures BUSINESS WEST EAST Expenditures HR Performance Communication Authority Transparent and open Distributed Controlled properly Depend on performances Bilateral communication Relationships Centralized Hierarchy Depend on qualifications Follow the instructions The risk of motivations This action of acquisition means financial merger from any point of view. So how to coordinate the relationship between short-term value and long-term development is essential. How can the two Groups coordinate the relationship between the management abilities and the financial investors. How can the interests of supervisors be guaranteed. How can the two Groups ensure the protection of the brand and maintain the long-term development. It is critically important for Shuanghui about how to protect the financial investors from “option arrangement trap” . Whether appropriate measures are prepared to safeguard the interests of primary stakeholders when different shareholders share different views. Section 4 Impact and performance after the acquisition Impact Of Acquisition With the trend of open competition, the industry must go through an integration, so the transfer of property is better to its use of the international and domestic resources and markets, accelerating the international development, as soon as possible to become an international enterprise. Th