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一、发达国家钢铁企业兼并重组经验分析1.资本主导型兼并重组——美国正如美国著名经济学家斯蒂格勒所言:“没有一个美国大公司不是通过某种程度、某种形式的兼并成长起来的,几乎没有一家公司主要是靠内部扩张成长起来的。”美国企业的成长历史,实际上也是并购的历史。历史上美国钢铁业经历了两次大规模兼并重组,一次是19世纪后期,另一次是上世纪80年代后期至本世纪初的兼并重组。1890年,卡内基公司通过兼并和吸收的方式,将与其有资本联系(股份)的几家遇到经营问题的钢铁企业组成了新型钢铁联合企业——卡内基钢铁公司,
First, the empirical analysis of M & A in developed countries 1. Capital-led mergers and acquisitions - the United States Just as the famous American economist Stigler said: “Not a big American company is not through some degree, some form of As the mergers grew up, very few companies grew mainly through internal expansion. ”The history of the growth of US companies is actually the history of mergers and acquisitions. Historically, the U.S. steel industry has undergone two large-scale mergers and acquisitions, one in the late 19th century and the other in the merger and reorganization from the late 1980s to the beginning of this century. In 1890, through mergers and acquisitions, Carnegie formed a new steel conglomerate, Carnegie Steel, with several steel companies that had capital problems with their operations.