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This paper elaborates methods of evaluating target firm by assets, income and market. And it also analyzes theory and use of a new and developing evaluating way through the ideology of real options. Thirdly, this paper studies the static model of horizontal merger, discusses merger motives, effects and influences on social welfare.

其次，本文对企业兼并的核心问题-目标企业价值评估的方法进行了探讨，阐述了资产途径、收益途径和市场途径的企业价值评估方法，并且对利用实物期权的思想进行企业价值评估的理论与应用进行了分析。

Studio Style There are two head, one for Newport and the soft Newport1.5 streamlined, the other is used in Newport 2 and Newport 2.5 is now simply the type, at the same time, there are two hosel options Reeds, One is the Founder and a block-type neck and head of the connecting shaft piece, and the other is a short piece to connect the neck and head.

Studio Style有两款杆头，一款用于Newport和Newport1.5的柔软的流线型，另一款则用于Newport 2和Newport 2.5的干脆方正型，同时有两种杆颈振动片可供选择，一种是方正型颈部和一整块杆身和杆头的连接片，另一种是较短的颈部和杆头连接片。

If hostilities with aliens begin, there are a variety of combat options.

如果与外星人进入敌对状态的话，就会出现多种战斗选项。

This scenario can increase gravure business card printing and membership card making options, gravure business card printing and membership card making use of hot-air drying.

这栽方案也可以补充不凸版制卡和会员卡制作的选项，凡是环境不凸版制卡和会员卡制作拔取寒风潮湿的方法。

"They always have three or four options when they get the ball, there's always movement," the Tottenham Hotspur manager said.

"当他们得到球的时候，他们总是有三，四个方向，并且总是运动着的"的托特纳姆热刺队的经理说。

If you have faith in your HR representative, sit down with them and discuss your options.

是因为你要被调到公司的另一个部门去了吗？

With few options for a secure landing, we settled for the surface of the Hudson River.

在做了一些安全着陆的措施后，我们最终降落在休斯顿河的河面。

There is, however, a *huge* range of model options available not covered elsewhere.

然而，有相当数量的模型选项我们没有提到过。

Several options are available: helicopter and hydroplane offer a thrilling experience and an awe-inspiring panorama.

为此有下列活动可供选择：直升飞机和水上飞机，可以让您在体验刺激的同时欣赏到让人心惊肉跳的高空美景。

Topical treatments include a number of options, including hydroquinone, arbutin and kojic acid, which are more well known.

局部治疗包括了多个方案，包括对苯二酚，熊果苷和曲酸，这是更广为人知。

Breath, muscle contraction of the buttocks; arch body, as far as possible to hold his head, right leg straight towards the ceiling (peg-leg knee in order to avoid muscle tension).

呼气，收缩臀部肌肉；拱起身体，尽量抬起头来，右腿伸直朝向天花板（膝微屈，以避免肌肉紧张）。

The cost of moving grain food products was unchanged from May, but year over year are up 8%.

粮食产品的运输费用与5月份相比没有变化，但却比去年同期高8％。