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京东方收购韩国现代TFT-LCD业务的巧妙融资安排值得国内企业借鉴杠杆收购的特点杠杆收购(LBO)是收购方主要利用外部融资来取得目标方控制权,并以目标公司的资产和现金流为交易所产生的债务提供担保和偿付的一种交易方式。在整个交易金额中,外部资本占主要部分,而买方的自有资本只占其中很小比例。这类并购十分适合于资金不足又急于扩大生产规模的企业。一、杠杆收购的资金来源主要是不代表企业控制权的债务性融资,主要是运用企业的融资杠杆,即调整企
BOE Acquires Smart Financing Arrangements for Modern TFT-LCD Business in South Korea Leveraging Domestic Leverage for Leveraged Companies Leveraged buyouts (LBOs) are acquisitions that mainly use external financing to gain control of the target and trade with the assets and cash flows of the target company The resulting debt provides a form of transaction that guarantees and reimburses. Out of the total transaction amount, external capital accounts for the major part, while buyers own only a small proportion of their own capital. Such mergers and acquisitions are very suitable for under-funded and eager to expand the scale of production enterprises. First, the source of leveraged buyouts is mainly does not represent the control of corporate debt financing, mainly the use of corporate financing leverage that the adjustment of enterprises