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        ڷg˾PI֣Merger theoryMergers is a business to purchase the propertygM rights of other companies, so thatg˾r other companies have lost legal status or change the legal entity of a legal act. Mergers of large-scale production of the necessary requirements, competition in the marketgЈrX mechanism to play a role in the inevitable result of the deepening of enterprise reform is also important.Currently the main form of mergers are: 1, the purchase type. That the merger parties to buy the target company's assets invested. This form of general conditions of purchase in cash. This form is generally based on cash for the purchase of the conditions, the target company's overall equity buyout. This purchase is only the overall calculation of the target company's asset value, the value determinegr˜d in accordance with its purchase price. Merger parties do not negotiate with the merged party debt how to deal with. Corporate mergers, while the completion of its debt settlement. Purchase-type merger, loss of economic enterprises can target qualification. Merged company's purchase price, in fact, the merged company to repay the debt after the bid. Therefore, even if the merged company to bear the target company's debt, the target company's assets are still greater than the debt, leaving the merged company to obtain real benefits. 2, the assumption of debt type. That the target company's assets and liabilities equivalent to the case, the merging party to assume the debt of the target company to accept as a condition of its assets. As a merged company, all assets included in the overall corporate mergers, corporate entity disappears, loss of economic qualification. Rights and obligations in accordance with the principle of reciprocity, there is no reason to obtain the merged company the propertygM of the merged company refused to pay its debt obligation This is characterized by mergers, mergers and business enterprises will be merged together with the debt and equity to absorb the whole, to take the merged company's debt to achieve the merger. Annexation to the transaction price is not the standard, but the overall propertygM value of debt and the ratio may be. Usually the target company or there are also potential resources available3, the absorption-type shares. About to be merged company's net assets as investment in capital stock merger parties, become a shareholder of the merged company. Absorption-type corporate stock merger, the merged company as a whole to make the propertygM into the corporate merger, the merged
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