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在美国,并购的1+1>2的效果得到广泛的认可,其1996年并购总额高达6590亿美元,1995年为5190亿美元。然而事实上大多数并购都不理想,通过对过去10年300多家大型并购的调查,发现2/3以上的公司对股东的回报在所在行业中居后。对于这些并购失效的原因,有很多种说法,其主要原因在于:为并购而并购,不注重分
In the United States, the effect of mergers and acquisitions of 1 + 1> 2 has been widely recognized. The total amount of mergers and acquisitions in 1996 was as high as 659 billion U.S. dollars, and in 1995 it was 51.9 billion U.S. dollars. In fact, most mergers and acquisitions are not ideal. According to a survey of more than 300 large mergers and acquisitions over the past 10 years, it is found that more than two-thirds of the companies’ returns to shareholders lie behind their industries. For the reasons for the failure of these mergers and acquisitions, there are many kinds of claims, the main reason is: mergers and acquisitions for the merger, do not pay attention to points