一、引言企业并购是企业之间的执行合并收购的行为。企业合并是指两家或更多的独立企业合并组成一家公司,常由一家占优势的公司吸收一家或更多的公司:两个以上公司合并设立一个新的公司,合并各方都解散,称为新设合并;一个公司吸收其他公司,被吸收的公司解散,称为吸收合并。收购是企业通过现金或股权方式收购其他企业产权的交易行为。 I. Introduction Mergers and acquisitions are the conduct of mergers and acquisitions between enterprises. Business merger refers to the merger of two or more independent enterprises to form a single company. One or more companies are often absorbed by a dominant company. When more than two companies merge to establish a new company, all parties in the merger are dissolved, saying For the new merger; one company to absorb other companies, dissolved companies dissolved, known as the absorption merger. Acquisition is the transaction of acquiring property rights of other enterprises through cash or equity.