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中文(ZH) 今年以来超百起并购重组宣告终止,市场正在趋于理性

China sees over 100 M&A deals terminate as market rationalizes

The market for mergers and acquisitions is becoming more rational, with over a hundred deals terminated this year, a 26.3% increase year-over-year. These terminations are often due to factors like smaller acquirer market capitalization, weaker profitability, high stock payment ratios, and extended planning periods. Following these failed restructurings, companies frequently face risks such as stock price declines and valuation reductions. AI

RANK_REASON The article discusses market trends in M&A terminations rather than a specific event.

Read on 36氪 (36Kr) →

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COVERAGE [1]

  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    Since the beginning of this year, over 100 M&A transactions have been terminated, and the market is becoming more rational.

    “并购六条”发布以来,政策的包容性极大地激活了市场,上市公司并购重组活跃,并购交易呈现量质齐升的局面。与之相对的是,部分标的不符预期的项目主动叫停,市场并购终止案例数量亦有所增加。据统计,今年以来(截至6月5日)已有超百起并购重组宣告终止,同比增长26.3%。终止案例呈现收购方市值偏小盈利较弱、股份支付比例高、筹划周期较长等特点。重组失败后,往往面临股价回落、估值缩水等风险。(证券时报)