DEVELOPMENT OF MODEL OF FORMATION FINANCING SOURCES STRUCTURE FOR M&A TRANSACTIONS BASED ON OPTIMIZATION PROBLEM SOLUTION
( Pp. 49-54)

Mergers and acquisitions (M&A) are one of the strategies used for the innovative development of large companies. M&A transactions of domestic companies do not always lead to the desired economic effect, creating strategic advantages and obtaining new opportunities for development. The success of M&A transactions depends on the choice of the optimal structure of funding sources, forms of acquisition and payment methods. The purpose of the study is to develop a model for the formation of an optimal structure of sources of financing for M&A transactions for the purposes of innovative development of the company. The model of formation of the structure of sources of financing of M&A transactions of innovative and active companies is proposed, which allows to determine the structure of sources of financing depending on the accepted restrictions. The model allows you to solve the optimization problem using specific parameters and acceptable areas of their existence. The optimization function can be selected depending on the M&A goals. The author has constructed a system of equations and chosen a method for its solution, as well as solved the problem of optimizing the financing of the transaction while maximizing the net profit of the combined company formed by the results of the M&A transaction in the form of a linear programming problem.

Menshikov E.V., (2021), DEVELOPMENT OF MODEL OF FORMATION FINANCING SOURCES STRUCTURE FOR M&A TRANSACTIONS BASED ON OPTIMIZATION PROBLEM SOLUTION. Economic Problems and Legal Practice, 3 => 49-54.

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mergers, acquisitions, innovations, financing, sources, model, optimization.