CHINESE UPDATE – China Inc.’s Revamped Cross-Border Takeover Strategy Shows Signs of Success, Correcting the Mistakes of the First Wave of Chinese Foreign Acquisitions
How China Reset Its Global Acquisition Agenda, by Peter J. Williamson and Anand P. Raman Executive Summary/Highlights: The first wave of cross-border takeovers by Chinese companies, between 2000 and 2007, was unsuccessful because of a number of strategic and tactical mistakes, including pursuit of inexpensive deals and troubled companies that were difficult to turn around; … Continued