Features of «Mergers» and «Acquisitions» of Companies in International Business

The publication presents features of the modern mergers and acquisitions (M&A) process. It should be noted that in the modern world, with the growing global competition, aggressive policies of individual market participants, rapid technological changes, financial regulation and the changing role of the State in the economy, there is a need to expand the activities of large companies. The majority of the most successful companies choose the joint mode of development, such as mergers and acquisitions. As a result of mergers and acquisitions, business will grow and become more influential, and not only national governments, but also international economic organizations will not be able to depend on regulation and management. Today, among the leading domestic or foreign economists there is no consensus on the definition of the concepts of «mergers» and «acquisitions», which is explained by the diversity and complexity of the nature of these processes. The main types of these processes have been identified and their characterizations are provided. When researching the processes of mergers and acquisitions of enterprises, their main differences are determined. It is proved that in an ever-changing market, increased competition and well-thought-out and well-made transactions on international mergers and acquisitions can significantly increase the value of companies. At the present stage, international mergers and acquisitions occupy strong positions in the policy of private companies as the main strategic instrument for business development.

THE INTERNALIZATION OF TNC’S PRODUCTION: FINDINGS FOR UKRAINIAN BUSINESS

The article deals with mergers and acquisitions as modern strategies of TNCs internationalization. The positions of Ukrainian capital on international mergers and acquisitions’ market are explored. The peculiarities of foreign investors' activity in the different sectors of the national economy are determined. The factors preventing national companies from gaining competitive advantages on the world market are outlined.