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| he number of cases and the amount of money both updated the height of the first half of 2005 to M&A under the present situation in the past. In M&A in recent years, being frequently done is a current state in not only the big enterprise but also the small and medium-sized enterprise. M&A information reported in the mass communication becomes a thing that only the one that almost concerns the big enterprise is taken up. It is a current state that the number also of managers being done for select of selling off the company after it thinks by the prospect etc. of the business the company that has grown up for years both for the manager person of the small and medium-sized enterprise, and thinking about employee's job security, and giving priority positively has increased in which M&A circumstances in this recent years are made. Because the thing that it keeps defending the company for managers is a thing that is much more difficult than establishment and the proposal …. The problem" is the one always racking one's brains for the manager who came the retreat period of management. Problems such as "The son doesn't succeed" and "Is it safe as the manager?" might occur even if the relative of the son etc. is regarded for the successor, and it refrains from the succession problem etc. back. When the company is unavoidably given up very difficultly, the succession of a business is seen well for such a manager of the small and medium-sized enterprise. Moreover, the case that becomes a critical factor is seen a lot about the pledge in M&A of the small and medium-sized enterprise compared with M&A often advanced by the purchaser initiation that the big enterprise does as for seller owner's intention and condition. Not the one of dismantling the enterprise after the foreign capital fund etc. purchase it by the earnings investment purpose and taking only the marginal profit but, in many cases, going to attempt the business expansion by the business is not started up from one to develop a new business for the expansion of the purchaser enterprise business but buying an existing business is also true. |