Perspective on the mergers and acquisitions of American w88 online casino in Europe
Feng Pengcheng
（Source: Guangming.com-"Guangming Daily"Time: September 16, 2012 8th edition)
In recent times, with the continued impact of the European sovereign debt crisis and the downturn in the European capital market, IPOs have decreased significantly compared with before. Investors' demand for sovereign bonds and corporate bonds has also been significantly reduced, and they have turned to the mergers and acquisitions market.
Relevant data shows that so far, the total number of mergers and acquisitions of European w88 online casino by foreign w88 online casino has exceeded 101 billion US dollars. Among them, American w88 online casino have been particularly active in European mergers and acquisitions, hoping to take advantage of the financial crisis to acquire high-quality European assets at low prices. For example, since June this year, American Century Aluminum Company has planned to acquire the former Zeeland Aluminum Company (Zalco) in the Netherlands for 10 million euros. The U.S. company UPS announced the acquisition of Thomas National Transport (TNT), Europe's second largest express delivery service provider, for 5.6 billion euros. Quaker Chemical Company of the United States announced the acquisition of NP Coil Dexter Industries, a leading European manufacturer and supplier of metal surface treatment products. Although many American w88 online casino go to Europe to acquire w88 online casino in order to obtain high-quality assets with potential at low prices, from the perspective of the American w88 online casino themselves, these acquisitions are also strategic asset-seeking acquisitions. For example, the main purpose of UPS's acquisition of TNT is to obtain the latter's sales network in Europe. It is a purposeful, planned, and strategic acquisition, rather than a speculative blind acquisition.
Indeed, the European sovereign debt crisis has caused the assets of many local w88 online casino in Europe to shrink significantly through the capital market. It has indeed provided an opportunity for w88 online casino in other parts of the world to acquire at low prices. Many w88 online casino are also trying to enter the European market through cross-border acquisitions. Not only w88 online casino in the United States, but also w88 online casino in many emerging market countries are actively choosing European M&A targets.
What needs to be pointed out here is that taking advantage of the financial crisis to acquire European w88 online casino is not a "Taobao" behavior, but a strategic behavior. When w88 online casino are looking for M&A targets, have they considered the following four questions: "What is our company's future strategy? Does the merger and acquisition of European w88 online casino meet our company's strategic goals? Can the merger and acquisition of European w88 online casino enhance the international competitiveness of our company? Is our company capable of controlling the target M&A w88 online casino?" "If the answers to the above four questions are yes, then it is not too late to start cross-border M&A activities. The difference between European w88 online casino and w88 online casino in other countries is the management of labor unions in the company. It plays an important role in the process. If a company intends to acquire a European company, if it encounters strong opposition from the union, it will be difficult to sign a merger agreement even if the board of directors agrees. In addition, European culture and religion have very obvious characteristics. Even if a European company can be successfully acquired, cultural integration after the merger will still be a big challenge. The law of cross-border mergers and acquisitions also tells us that there are far more failed cases of cross-border mergers and acquisitions. One of the main reasons for their failure is that the post-merger integration is not successful enough.
So, through the analysis of the phenomenon of cross-border mergers and acquisitions by American w88 online casino in Europe during this period, I would like to provide a well-intentioned suggestion for w88 online casino that are or will go to Europe for cross-border mergers and acquisitions. It is recommended that they think about the four questions raised in this article before the merger and acquisition. If it is indeed a strategic merger and acquisition, then seek high-quality assets in a purposeful and planned manner, rather than the other way around.
(Author Feng Pengcheng Unit: w88 casino)
Original link:"Guangming Daily": A look into the mergers and acquisitions of American w88 online casino in Europe
http://int.gmw.cn/2012-09/16/content_5087665.htm
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