摘要：隨著市場經(jīng)濟(jì)的發(fā)展以及經(jīng)濟(jì)的全球化,我國企業(yè)的并購活動持續(xù)活躍。目前,國內(nèi)外大量的并購案例表明,并購的協(xié)同效應(yīng)是企業(yè)并購成敗的關(guān)鍵，特別在財(cái)務(wù)上應(yīng)當(dāng)給予更多的重視。因而致力于財(cái)務(wù)協(xié)同效應(yīng)的研究對搞好我國的企業(yè)并購活動具有十分重要的理論意義和實(shí)踐意義。本文從財(cái)務(wù)協(xié)同效應(yīng)的相關(guān)理論入手闡述，并結(jié)合了近期內(nèi)光明收購維他麥的經(jīng)典案例，通過其并購前后財(cái)務(wù)數(shù)據(jù)的對比，構(gòu)建框架來評估分析企業(yè)并購的財(cái)務(wù)協(xié)同效應(yīng)，并提出相關(guān)于財(cái)務(wù)整合上的一些建議。

關(guān)鍵字：企業(yè)并購  財(cái)務(wù)協(xié)同效應(yīng)  光明集團(tuán)

Abstract: With the development of market economy and economic globalization, China's mergers and acquisitions activity continued to be active. Currently, a large number of domestic and international M & A cases showed a synergistic effect of mergers and acquisitions is the key to the success of mergers and acquisitions, particularly in the financial should be given more attention. Thus the financial commitment to research synergies with theoretical and practical significance to improve our corporate mergers and acquisitions. In this paper, the theory of financial synergy start elaborated, combined with the near-term acquisition of Weetabix bright classic case of financial data by comparing before and after its acquisition, build synergies framework to assess the financial analysis of mergers and acquisitions, and to make relevant in Some suggestions on financial integration.

Key Words:  M&A   Financial synergies   Guangming Group