【从数量扩张到质量筛选,并购重组市场新动向受关注】近期,包括焦作万方、金橙子、普路通在内的多家上市公司对外发布终止重大资产重组相关公告,引发市场关注。以普路通为代表的部分公司发布终止公告后,股价出现明显回调。从终止重大资产重组的原因看,外部市场环境发生变化、交易双方关键核心条款未达成一致是近期重组终止的两大主因,其中不乏披露筹划重组意向后不久便宣布终止交易的案例。受访专家认为,并购重组终止不是“利空一刀切”,影响要分主体、分原因看。终止案例密集出现的背后,交易双方对标的质量、估值作价与产业协同的审视明显趋严,并购市场有望从数量扩张转入更充分的价格博弈与质量筛选阶段。
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