|標題:||併購個案研究 − 以F公司併購O公司為例|
Ａ Case Study of The M&A Between Company F And Company O
|關鍵字:||併購;第一上市公司;併購綜效;觸控ＩＣ;M&A;primary listing company;synergy;touch IC|
Mergers and acquisitions (M&A) has been one of the major practices for corporate expansion and growth in order to be benefited from the synergy. In addition to risk assessments and evaluation as well as due diligence, whether a company can reach the expected synergy so as to strengthen its competitiveness after a merge will highly rely on its competence in management, risk control and consolidation. This study first analyzes the future growth and development trend of a touch-sensing controller IC design house from introducing the touch panel industry, to the role for a touch-sensing controller IC design house in the supply chain, the technology and end-use market situation. It further provides explanations why as a leading touch controller-sending IC design house in the industry and a primary listing company in Taiwan, its choice to merge a driver IC design house, as well as for the target synergies and the main considerations to determine the structure of this transaction; lastly the study offers suggestions to the potential issues the company may encounter in the future. If this M&A case could be closed smoothly and take effect, it would set two precedents - one being that it would be the first case for a primary listing company to acquire a listing company in Taiwan, the other being that it would be a pioneer for a touch-sending controller IC design house to acquire a driver IC design house for technical integration.