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\"\"<\/figure><\/div>\n\n\n\n

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\u3057\u304b\u3057\u3001\u9ad8\u9f62\u8005\u4f4f\u5b85\u3092\u300cM&A\u300d\u3067\u53d6\u5f97\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u9ad8\u9f62\u8005\u4f4f\u5b85\u306b\u5165\u5c45\u3057\u3066\u3044\u308b\u9ad8\u9f62\u8005\u30fb\u5bb6\u65cf\u3068\u306e\u5951\u7d04\u306f\u3001\u305d\u306e\u307e\u307e\u5f15\u304d\u7d99\u304c\u308c\u308b\u3068\u8a00\u3046\u306e\u304c\u539f\u5247\u3067\u3059\u3002\u4e8b\u696d\u8005\u304c\u4e00\u65b9\u7684\u306b\u5229\u7528\u6599\u3092\u5024\u4e0a\u3052\u3057\u305f\u308a\u3001\u30b5\u30fc\u30d3\u30b9\u3092\u30ab\u30c3\u30c8\u3057\u305f\u308a\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u305a\u3001\u5951\u7d04\u6539\u5b9a\u306b\u306f\u73fe\u5165\u5c45\u8005\u3078\u306e\u5341\u5206\u306a\u8aac\u660e\u3068\u540c\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u65b0\u898f\u306e\u5165\u5c45\u8005\u304b\u3089\u4fa1\u683c\u6539\u5b9a\u3092\u3059\u308b\u3053\u3068\u306f\u53ef\u80fd\u3067\u3059\u304c\u3001\u305d\u308c\u3067\u306f\u540c\u4e00\u30b5\u30fc\u30d3\u30b9\u3067\u4e8c\u7a2e\u985e\u306e\u4fa1\u683c\u304c\u751f\u3058\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3057\u3001\u53ce\u652f\u6539\u5584\u306b\u3064\u306a\u304c\u308b\u306b\u306f\u3001\u5165\u5c45\u8005\u304c\u5165\u308c\u66ff\u308f\u308b\u307e\u30675\u5e74\uff5e\uff11\uff10\u5e74\u304b\u304b\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002
\u307e\u305f\u3001\u4ed6\u306e\u7528\u9014\u306b\u8ee2\u7528\u3057\u3088\u3046\u3068\u3057\u3066\u3082\u3001\u5165\u5c45\u8005\u306b\u5f37\u5236\u9000\u5c45\u3092\u6c42\u3081\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002\u4e00\u822c\u306e\u8cc3\u8cb8\u30de\u30f3\u30b7\u30e7\u30f3\u306e\u5834\u5408\u306f\u3001\u3042\u308b\u7a0b\u5ea6\u306e\u7acb\u9000\u6599\u3092\u652f\u6255\u3048\u3070\u7d0d\u5f97\u3057\u3066\u304f\u308c\u308b\u4eba\u3082\u3044\u308b\u3067\u3057\u3087\u3046\u304c\u3001\u7279\u306b\u8981\u4ecb\u8b77\u9ad8\u9f62\u8005\u306f\u3001\u65b0\u3057\u3044\u8001\u4eba\u30db\u30fc\u30e0\u304c\u7c21\u5358\u306b\u898b\u3064\u304b\u308b\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3057\u3001\u5f15\u3063\u8d8a\u3057\u3084\u4e00\u304b\u3089\u65b0\u3057\u3044\u751f\u6d3b\u74b0\u5883\u306b\u306a\u308b\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u3001\u300c\u52d5\u304d\u305f\u304f\u306a\u3044\u300d\u3068\u3044\u3046\u4eba\u304c\u307b\u3068\u3093\u3069\u3067\u3057\u3087\u3046\u3002\u305d\u308c\u3092\u6570\u5341\u4eba\u5358\u4f4d\u3067\u884c\u3046\u306b\u306f\u3001\u76f8\u5f53\u306e\u624b\u9593\u3001\u6642\u9593\u304c\u304b\u304b\u308a\u3001\u8cfc\u5165\u8cc7\u91d1\u3068\u540c\u3058\u304f\u3089\u3044\u304a\u91d1\u304c\u304b\u304b\u308b\u305f\u3081\u3001\u73fe\u5b9f\u7684\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

\u6700\u8fd1\u306f\u3001\u524d\u4e8b\u696d\u8005\u306b\u3044\u3063\u305f\u3093\u5012\u7523\u3055\u305b\u3066\u3001\u524d\u4e8b\u696d\u8005\u306b\u5165\u5c45\u8005\u3068\u306e\u5951\u7d04\u3092\u89e3\u9664\u3055\u305b\u3066\u304b\u3089\u8cb7\u3044\u53d6\u308b\u3068\u3044\u3046\u3068\u3053\u308d\u3082\u3042\u308b\u3088\u3046\u3067\u3059\u304c\u3001\u300c\u524d\u4e8b\u696d\u8005\u3068\u56f3\u3063\u3066\u3001\u4e8b\u696d\u8b72\u6e21\u3053\u3068\u3092\u6761\u4ef6\u306b\u5012\u7523\u3055\u305b\u305f\u300d\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308c\u3070\u6cd5\u7684\u306b\u3082\u554f\u984c\u304c\u3042\u308a\u307e\u3059\u3057\u3001\u300c\u3042\u306e\u4e8b\u696d\u8005\u306f\u305d\u3046\u8a00\u3046\u4e0d\u6b63\u7d1b\u3044\u306e\u3053\u3068\u3092\u3059\u308b\u3093\u3060\u300d\u300c\u3072\u3069\u3044\u4e8b\u696d\u8005\u3060\u306a\u2026\u300d\u3068\u3044\u3046\u30a4\u30e1\u30fc\u30b8\u304c\u4ed8\u3051\u3070\u3001\u65b0\u3057\u3044\u5165\u5c45\u8005\u306f\u5165\u3063\u3066\u3053\u306a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

\u300c\u9700\u8981\u304c\u5897\u3048\u308b\u30fb\u30cb\u30fc\u30ba\u304c\u3042\u308b\u300d\u3068\u3044\u3046\u3053\u3068\u3068\u300c\u4e8b\u696d\u6027\u304c\u9ad8\u3044\u300d\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u57fa\u672c\u7684\u306b\u9055\u3044\u307e\u3059\u3002
\u300c\u9ad8\u9f62\u8005\u4f4f\u5b85\u306e\u9700\u8981\u306f\u5897\u3048\u308b\u300d\u3068\u3044\u3063\u3066\u3082\u3001\u300c\u3069\u3093\u306a\u9ad8\u9f62\u8005\u4f4f\u5b85\u4e8b\u696d\u3067\u3082\u6210\u529f\u3059\u308b\u300d\u3068\u3044\u3046\u307b\u3069\u7c21\u5358\u306a\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u7279\u306b\u300c\u8001\u4eba\u30db\u30fc\u30e0\u30fb\u9ad8\u9f62\u8005\u4f4f\u5b85\u3092\u58f2\u308a\u305f\u3044\u300d\u3068\u3044\u3046\u4e8b\u696d\u8005\u306f\u3001\u3044\u307e\u7d4c\u55b6\u304c\u4e0a\u624b\u304f\u3044\u3063\u3066\u3044\u306a\u3044\u304b\u3001\u3082\u3057\u304f\u306f\u3001\u3044\u307e\u9ed2\u5b57\u306e\u3088\u3046\u306b\u898b\u3048\u3066\u3082\u3001\u3053\u306e\u5148\u306b\u884c\u304d\u8a70\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u304b\u306e\u3069\u3061\u3089\u304b\u3067\u3059\u3002
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\u9ad8\u9f62\u8005\u4f4f\u5b85\u4e8b\u696d\u3078\u306e\u65b0\u898f\u53c2\u5165\u3092\u76ee\u6307\u3059\u4f01\u696d\u306e\u4e2d\u306b\u306f\u3001\u300c\u81ea\u5206\u305f\u3061\u3067\u306f\u958b\u8a2d\u30fb\u7d4c\u55b6\u30ce\u30a6\u30cf\u30a6\u304c\u306a\u3044\u306e\u3067\u3001\u305d\u306e\u30ce\u30a6\u30cf\u30a6\u3082\u5408\u308f\u305b\u3066M&A\u3067\u7372\u5f97\u3057\u305f\u3044\u300d\u3068\u5bdd\u8a00\u306e\u3088\u3046\u306a\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u308b\u4eba\u304c\u3044\u307e\u3059\u304c\u3001\u305d\u308c\u306f\u58f2\u308a\u624b\u5074\u304b\u3089\u898b\u308c\u3070\u307e\u3055\u306b\u300c\u30cd\u30ae\u3092\u3057\u3087\u3063\u3066\u3084\u3063\u3066\u304f\u308b\u9d28\u300d\u3088\u3046\u306a\u3001\u6ed1\u7a3d\u306a\u6700\u4e0a\u9867\u5ba2\u3067\u3057\u304b\u3042\u308a\u307e\u305b\u3093\u3002\u58f2\u308a\u51fa\u3057\u3066\u3044\u308b\u65e7\u7d4c\u55b6\u9663\u3088\u308a\u3082\u9ad8\u3044\u77e5\u898b\u304c\u3042\u308a\u3001\u305d\u306e\u5c06\u6765\u6027\u30fb\u30ea\u30b9\u30af\u3092\u6b63\u78ba\u306b\u5224\u65ad\u3057\u3001\u9069\u6b63\u4fa1\u683c\u3067\u8cfc\u5165\u3057\u4e8b\u696d\u518d\u751f\u3067\u304d\u308b\u30ce\u30a6\u30cf\u30a6\u304c\u306a\u3051\u308c\u3070\u3001\u9ad8\u9f62\u8005\u4f4f\u5b85\u306f\u8cb7\u3063\u3066\u306f\u3044\u3051\u306a\u3044\u30fb\u30fb\u3068\u3044\u3046\u306e\u304c\u5927\u524d\u63d0\u306a\u306e\u3067\u3059\u3002




<\/p>\n\n\n\n

\u9ad8\u9f62\u8005\u4f4f\u5b85M&A\u306e\u672a\u6765\u3068\u696d\u754c\u518d\u7de8 (\u7279\u96c6)<\/strong>

1 \u6d3b\u6027\u5316\u3059\u308b\u9ad8\u9f62\u8005\u4f4f\u5b85\u306eM&A\u306f\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u5e8f\u7ae0<\/a>
2 \u4ecb\u8b77\u30d3\u30b8\u30cd\u30b9\u30fb\u9ad8\u9f62\u8005\u4f4f\u5b85\u306eM&A\u304c\u52a0\u901f\u3059\u308b\u80cc\u666f<\/a>
<\/span>3 \u9ad8\u9f62\u8005\u4f4f\u5b85\u306eM&A\u306e\u96e3\u3057\u3055\u3000\uff5e\u8cfc\u5165\u5f8c\u306b\u5546\u54c1\u30fb\u4fa1\u683c\u3092\u5909\u3048\u3089\u308c\u306a\u3044\uff5e<\/span><\/a>
4 \u9ad8\u9f62\u8005\u4f4f\u5b85\u306e\u300cM&A\u300d\u306f\u3001\u3044\u307e\u306e\u53ce\u76ca\u3067\u306f\u306a\u304f\u3053\u308c\u304b\u3089\u306e\u30ea\u30b9\u30af\u3092\u628a\u63e1<\/a>
5 \u305d\u306e\u53ce\u76ca\u6027\u306f\u672c\u7269\u306a\u306e\u304b\u3000\u2160\u3000\uff5e\u5165\u5c45\u4e00\u6642\u91d1\u7d4c\u55b6\u306e\u30ea\u30b9\u30af\uff5e<\/a>
6 \u305d\u306e\u53ce\u76ca\u6027\u306f\u672c\u7269\u306a\u306e\u304b\u3000\u2161\u3000\uff5e\u56f2\u3044\u8fbc\u307f\u4e0d\u6b63\u306b\u3088\u308b\u53ce\u76ca\uff5e<\/a>
7 \u5358\u72ec\u3067\u904b\u55b6\u3067\u304d\u306a\u3044\u9ad8\u9f62\u8005\u4f4f\u5b85\u3000\u2160\u3000\u3000\uff5e\u4f4e\u4fa1\u683c\u306e\u4ecb\u8b77\u4ed8\u6709\u6599\u8001\u4eba\u30db\u30fc\u30e0\uff5e<\/a>
8 \u5358\u72ec\u3067\u904b\u55b6\u3067\u304d\u306a\u3044\u9ad8\u9f62\u8005\u4f4f\u5b85\u3000\u2161\u3000\u3000\uff5e\u5358\u72ec\u306e\u4f4f\u5b85\u578b\u30fb\u30b5\u9ad8\u4f4f\uff5e<\/a>
9 \u9ad8\u9f62\u8005\u4f4f\u5b85\u306e\u300cM&A\u4fa1\u683c\u300d\u306f\u66b4\u843d\u3001\u6295\u3052\u58f2\u308a\u72b6\u614b\u306b\u306a\u308b<\/a>
10 \u691c\u8a0e\u8cc7\u6599\u306f\u3001\u8ca1\u52d9\u8af8\u8868\u3067\u306f\u306a\u304f\u3001\u300c\u91cd\u8981\u4e8b\u9805\u8aac\u660e\u66f8\u300d\u3092\u8aad\u307f\u89e3\u304f<\/a>
11 \u6210\u529f\u3059\u308b\u300cM&A\u300d\u3068\u696d\u754c\u518d\u7de8\u3000\u3000\u2160\u3000\uff5e\u30b0\u30e9\u30f3\u30c9\u30d3\u30b8\u30e7\u30f3\u304c\u63cf\u304f\uff5e<\/a>
12 \u6210\u529f\u3059\u308b\u300cM&A\u300d\u3068\u696d\u754c\u518d\u7de8\u3000 \u2161\u3000\uff5e\u5730\u57df\u5305\u62ec\u30b1\u30a2\u3092\u610f\u8b58\u3059\u308b\uff5e<\/a>
13 \u6210\u529f\u3059\u308b\u300cM&A\u300d\u3068\u696d\u754c\u518d\u7de8\u3000 \u2162\u3000\u3000\uff5e\u300c\u4eca\u3084\u308b\u3079\u304d\u3067\u306f\u306a\u3044\u300d\uff5e\u3000<\/a> <\/span> <\/p>\n\n\n\n



<\/p>\n\n\n

\n
\"\"<\/a><\/figure><\/div>\n\n\n




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