(一)引言徐工购并案引起的一场关于外资并购的激烈讨论,使我想起了2005年上演的联想跨国收购IBM公司PC业务的“蛇吞象”游戏及盛大与新浪的收购与反收购战役。我们看到,伴随着我国企业的成长,竞争的加剧,商业模式的更多创新,以及国内外市场的融合,近年来并购逐渐增多。但我们更 (A) Introduction Xu Gong mergers and acquisitions caused a heated debate on foreign mergers and acquisitions, reminds me of the staged in 2005, Lenovo’s multinational acquisition of IBM’s PC business, “Snake swallow like” games and Shanda and Sina acquisition and anti-acquisition campaign . We have seen that mergers and acquisitions have been gradually increasing in recent years with the growth of Chinese enterprises, the intensification of competition, more innovation in business models, and the integration of domestic and foreign markets. But we are more