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\u66f4\u306b\u3001\u305d\u3053\u306b\u3001\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u304c\u53c2\u5165\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u30b3\u30ed\u30ca\u798d\u3082\u542b\u3081\u4e16\u754c\u7d4c\u6e08\u306e\u4f4e\u8ff7\u306b\u3088\u3063\u3066\u3001\u4f4e\u91d1\u5229\u3067\u5927\u91cf\u306e\u8cc7\u91d1\u304c\u5e02\u5834\u306b\u6295\u5165\u3055\u308c\u3066\u3044\u308b\u3053\u3068\u3082\u5927\u304d\u304f\u95a2\u4fc2\u3057\u3066\u304a\u308a\u3001\u30d5\u30a1\u30f3\u30c9\u306f\u30ab\u30cd\u4f59\u308a\u73fe\u8c61\u306e\u4e2d\u3067\u3001\u77ed\u671f\u5229\u76ca\u304c\u78ba\u4fdd\u3067\u304d\u308b\u6295\u8cc7\u5148\u3068\u3057\u3066\u306f\u3001\u9ad8\u9f62\u8005\u4f4f\u5b85\u696d\u754c\u306f\u3001\u3046\u3063\u3066\u3064\u3051\u306a\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

\u3053\u308c\u304b\u3089\u306e\u9ad8\u9f62\u8005\u4f4f\u5b85\u300cM&A\u300d\u306f\u3001\u3044\u307e\u3068\u306f\u5168\u304f\u9055\u3046\u72b6\u614b\u306b\u306a\u308b<\/strong><\/p>\n\n\n\n

\u3082\u3046\u3057\u3070\u3089\u304f\u3001\u5927\u624b\u3092\u542b\u3081\u3001\u3053\u306e\u9ad8\u9f62\u8005\u4f4f\u5b85\u306eM&A\u306e\u9a12\u304e\u306f\u7d9a\u304f\u3067\u3057\u3087\u3046\u3002
\u3057\u304b\u3057\u3001\u3059\u3067\u306b\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u306f\u3001\u6f6e\u6642\u3092\u898b\u6975\u3081\u3088\u3046\u3068\u3057\u3066\u3044\u307e\u3059\u3002
\u73fe\u5728\u306e\u9ad8\u9f62\u8005\u4f4f\u5b85\u30d0\u30d6\u30eb\u306f\u3001\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u3068\u3044\u3046\u3088\u308a\u3082\u3001\u4e8b\u696d\u8a08\u753b\u306e\u6bb5\u968e\u3067\u7834\u7dbb\u3057\u3066\u3044\u308b\u3082\u306e\u304c\u591a\u3044\u305f\u3081\u3001\u30ea\u30be\u30fc\u30c8\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u72b6\u614b\u306b\u8fd1\u304f\u306a\u308a\u307e\u3059\u3002\u305f\u3060\u3001\u552f\u4e00\u9055\u3046\u306e\u306f\u3001\u305d\u3053\u306b\u5165\u5c45\u8005\u304c\u3044\u3066\u3001\u8981\u4ecb\u8b77\u9ad8\u9f62\u8005\u304c\u3044\u308b\u306e\u3067\u3001\u3053\u306e\u9ad8\u9f62\u8005\u4f4f\u5b85\u306e\u5012\u7523\u306f\u3001\u5404\u4f01\u696d\u306e\u5012\u7523\u30fb\u8ca1\u653f\u7834\u7dbb\u3067\u306f\u306a\u304f\u3001\u793e\u4f1a\u554f\u984c\u306b\u767a\u5c55\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002
\u8a00\u3044\u304b\u3048\u308c\u3070\u3001\u4e8b\u696d\u62e1\u5927\u3067\u306f\u306a\u304f\u5730\u57df\u5305\u62ec\u30b1\u30a2\u30b7\u30b9\u30c6\u30e0\u7dad\u6301\u306e\u8996\u70b9\u304b\u3089\u3001\u6551\u6e08\u7684\u306aM&A\u304c\u5fc5\u8981\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002\u305f\u3060\u3001\u3053\u308c\u3082\u4e0b\u624b\u306b\u624b\u3092\u51fa\u305b\u3070\u3001\u6b8b\u3063\u305f\u30ea\u30b9\u30af\u3060\u3051\u3092\u80cc\u8ca0\u308f\u3055\u308c\u3001\u4e00\u7dd2\u306b\u5f15\u304d\u305a\u308a\u8fbc\u307e\u308c\u3066\u9023\u9396\u5012\u7523\u30fbM&A\u7834\u7523\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u884c\u653f\u3084\u4e8b\u696d\u8005\u304b\u3089\u6ce3\u304d\u3064\u304b\u308c\u3066\u3001\u6551\u6e08\u7684\u306bM&A\u3092\u3057\u3066\u3082\u305d\u308c\u3067\u3001\u3053\u308c\u307e\u3067\u5b89\u5b9a\u3057\u3066\u3044\u305f\u4e8b\u696d\u307e\u3067\u50be\u3051\u3070\u4f55\u306e\u610f\u5473\u3082\u3042\u308a\u307e\u305b\u3093\u3002
\u524d\u56de\u307e\u3067\u3001\u305d\u306e\u30dd\u30a4\u30f3\u30c8\u3068\u3057\u3066\u300c\u9577\u671f\u7684\u306a\u30b0\u30e9\u30f3\u30c9\u30d3\u30b8\u30e7\u30f3\u300d\u3068\u300c\u5730\u57df\u5305\u62ec\u30b1\u30a2\u300d\u3092\u610f\u8b58\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3060\u3068\u8a00\u3044\u307e\u3057\u305f\u304c\u3001\u3082\u3046\u4e00\u3064\u5927\u5207\u306a\u306e\u304c\u3001\u300c\u3044\u3064\u3084\u308b\u306e\u304b\u2026\u300d\u3001\u305d\u3057\u3066\u3001\u305d\u306e\u305f\u3081\u306b\u3001\u3044\u307e\u4f55\u3092\u3057\u3066\u304a\u304f\u3079\u304d\u306a\u306e\u304b\u2026\u3067\u3059\u3002<\/p>\n\n\n\n

\u9ad8\u9f62\u8005\u4f4f\u5b85\u30d0\u30d6\u30eb\u5d29\u58ca\u5f8c\u306e\u300cM&A\u300d\u306e\u6210\u529f\u306e\u30dd\u30a4\u30f3\u30c8<\/strong>
\u2460\u3000\u300cM&A\u300d\u3067\u4e8b\u696d\u62e1\u5927\u30fb\u9023\u643a\u5f37\u5316\u3092\u884c\u3046\u306e\u306f\u9ad8\u9f62\u8005\u4f4f\u5b85\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u3042\u3068
\u2461\u3000\u9ad8\u9f62\u8005\u4f4f\u5b85\u5358\u4f4d\u3067\u3001\u4e8b\u696d\u518d\u751f\u306e\u53ef\u80fd\u6027\u306e\u3042\u308b\u3082\u306e\u3092\u3001\u8b72\u6e21\u6761\u4ef6\u3092\u6709\u5229\u306b\u3057\u3066\u8cb7\u53ce
\u2462\u3000\u9280\u884c\u3084\u5168\u4e8b\u696d\u8005\u306e\u6551\u6e08\u3067\u306f\u306a\u304f\u3001\u305d\u306e\u9ad8\u9f62\u8005\u4f4f\u5b85\u5165\u5c45\u8005\u306e\u4fdd\u8b77\u3092\u691c\u8a0e\u3059\u308b
\u2463\u3000\u30b5\u30fc\u30d3\u30b9\u5411\u4e0a\u30fb\u7d4c\u55b6\u6539\u5584\u306e\u305f\u3081\u306e\u4e8b\u696d\u518d\u751f\u62c5\u5f53\u306e\u80b2\u6210\u3092\u9032\u3081\u308b<\/p>\n\n\n\n

\u305d\u308c\u306f\u3001\u5c11\u306a\u304f\u3068\u3082\u300c\u3044\u307e\u3067\u306f\u306a\u3044\u300d\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002
\u3082\u3046\u3059\u3067\u306b\u304a\u91d1\u3092\u51fa\u3057\u3066\u8cb7\u3046\u3088\u3046\u306a\u3082\u306e\u3067\u306f\u306a\u3044\u306e\u3067\u3059\u3002
\u65e9\u6669\u3001\u6295\u3052\u58f2\u308a\u72b6\u614b\u306b\u306a\u308a\u3001\u305d\u308c\u3067\u3082\u8ab0\u3082\u8cb7\u3044\u624b\u304c\u3064\u304b\u306a\u3044\u72b6\u614b\u306b\u306a\u308a\u307e\u3059\u3002
\u3053\u308c\u304b\u3089\u306f\u3001\u8ab0\u3082\u624b\u3092\u51fa\u3055\u306a\u304f\u306a\u3063\u305f\u5f8c\u306b\u3001\u518d\u751f\u30ce\u30a6\u30cf\u30a6\u3092\u3082\u3064\u4e8b\u696d\u8005\u304c\u3001\u300c\u624b\u76f4\u3057\u3067\u304d\u308b\u9ad8\u9f62\u8005\u4f4f\u5b85\u3092\u5b89\u304f\u8cb7\u3044\u53d6\u308b\u300d\u3068\u3044\u3046\u306e\u304c\u524d\u63d0\u3067\u3059\u3002\u4e0d\u5b89\u5b9a\u306a\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u306b\u304a\u91d1\u3092\u878d\u8cc7\u3057\u305f\u9280\u884c\u3001\u91d1\u878d\u6a5f\u95a2\u306b\u306f\u8cac\u4efb\u3092\u53d6\u3063\u3066\u3082\u3089\u3044\u3001\u300c\u4e8b\u696d\u8b72\u6e21\u306e\u6761\u4ef6\u306f\u50b5\u6a29\u653e\u68c4\u300d\u3068\u3044\u3046\u3053\u3068\u3092\u660e\u78ba\u306b\u4f1d\u3048\u3066\u3001\u3067\u304d\u308b\u3060\u3051\u826f\u3044\u6761\u4ef6\u3067\u8b72\u6e21\u3092\u53d7\u3051\u308b\u3053\u3068\u3067\u3059\u3002
\u5c4a\u3051\u51fa\u3084\u767b\u9332\u3092\u3055\u305b\u305f\u81ea\u6cbb\u4f53\u306b\u3082\u8cac\u4efb\u306f\u3042\u308a\u307e\u3059\u304b\u3089\u3001\u4e8b\u696d\u7d99\u7d9a\u304c\u3067\u304d\u308b\u3088\u3046\u306b\u6307\u5c0e\u76e3\u67fb\u3084\u4e8b\u696d\u8a08\u753b\u306e\u63a8\u9032\u3001\u518d\u751f\u8a08\u753b\u3082\u542b\u3081\u3001\u81ea\u6cbb\u4f53\u306b\u3082\u5354\u529b\u3092\u6c42\u3081\u307e\u3057\u3087\u3046\u3002
\u3042\u3068\u30015\u5e74\u5185\u3001\u9577\u304f\u3066\u308210\u5e74\u5185\u306b\u9ad8\u9f62\u8005\u4f4f\u5b85\u696d\u754c\u306f\u6fc0\u5909\u3057\u307e\u3059\u3002
\u3044\u307e\u306f\u3001M&A\u306b\u624b\u3092\u51fa\u3059\u3068\u304d\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u305d\u306e\u6642\u307e\u3067\u3001\u81ea\u5206\u305f\u3061\u306e\u30b5\u30fc\u30d3\u30b9\u4e8b\u696d\u3092\u7740\u5b9f\u306b\u884c\u3044\u3001\u518d\u751f\u6642\u306b\u512a\u79c0\u306a\u4eba\u6750\u3092\u6d3e\u9063\u3057\u3066\u65e9\u671f\u306b\u518d\u751f\u3067\u304d\u308b\u3088\u3046\u306b\u3001\u4eba\u6750\u80b2\u6210\u306b\u529b\u3092\u5165\u308c\u308b\u3068\u304d\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>
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<\/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>
<\/span>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<\/span><\/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>
<\/span>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<\/span><\/a> <\/span> <\/p>\n\n\n\n



<\/p>\n\n\n

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





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