跨国并购的交易结构模式剖析  

On Deal Structure of Cross-border M&A

作　　者：黄中文[1] 

机构地区：[1]北京信息工程学院经贸系,北京100085

出　　处：《商业研究》2004年第18期17-21,共5页Commercial Research

摘　　要：20世纪90年代以来,全球跨国并购活动空前活跃。对并购公司来说,关键是要设计一个好的交易结构,以符合东道国的法律安排。存在两种基本交易结构:跨国法定兼并和股票要约收购。跨国法定兼并有两种衍生形式:三角兼并和换股收购。跨国并购中发行新股是近年来交易结构的一种金融创新。Since the 1990s, cross-border M&A has got the unprecedented development. A good deal structure is key for buyers in order to fit the law of host country. There are two basic deal structures: merger and tender offer. Cross-border merger is derived from triangle merger and cross-border M&A through the exchange of stocks. Issuing new stocks in cross-border M&A has been an important innovation in recent years.

关 键 词：跨国并购 法定兼并 股票要约收购 

分 类 号：F121.3[经济管理—世界经济]