海外并购:舆论狂潮下的理智出手

Cool Purchasing Under the Overbearing Tide of Public Opinion

在许多人大喊中国企业跨国并购热潮到来的时候,一些企业却在竞购中理智地收手。说到底,并购只是为企业发展战略服务的工具,而不是唯一目的。

In the past few months, Chinese firms have emerged asmajor players in a handful of big deals, including LenovoGroup Ltd.'s purchase of International Business MachinesCorp.'s personal computer business, oil company Cnooc Ltd.'s bid for Unocal Corp., and appliance maker Haier Group'splay for Maytag Corp. Besides those taken place within theUnited States in this year, there were also many other dealsoutside China. In 2003, Chinese consumer-electronics firm TCL Corp.agreed to buy the television business of Thomson SA ofFrance, in the process acquiring the venerable RCA brand.Shanghai Automotive Industry Corp., which says it hopes tobecome one of the world's six largest carmakers, hassnapped up Korea's Ssangyong Motor Co. and is trying tobuy the British MG Rover Group Ltd. Cnooc and otherChinese energy companies have been pouring huge sumsinto Canadian oil sands development projects. Though Wall Street analysts say the dealmaking will onlyintensify in the coming years, these China's Mergers stillmade it prudently.