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在杠杆收购中,收购双方的财务风险变化不同;收购企业收购后降低了自身的财务风险,而目标企业被收购后财务风险有所增加,原因是收购后收购方利用其控制地位将部分财务风险转嫁给了目标企业。这种财务风险转嫁提高了收购企业的价值。
In the leveraged buyout, the financial risks of the two parties have different changes. After the takeover, the acquired company reduces its own financial risk. The financial risk of the target company is increased after the takeover because the acquirer takes advantage of its control status to take part of the financial risk Transferred to the target business. This shift in financial risk increases the value of acquired businesses.