Abstract:

There is a tendency for non-ferrous metal enterprises to he collectivized and internationalized.Based on an empirical study with some non-ferrous metal enterprises as samples，this paper analyzes the short-term M&A(mergers&acquisitions)performance and shows the results as follows:①M&A samples with positive wealth effect were on rise after 2009;②Among 67 samples from 2004 through 2010，5 samples didn't undergo significant test，34 produced positive wealth effect while 28 had negativeeffect;③The sample enterprises achieved short-term performance in M&A.

Key words: non-ferrous metals, listed companies, short-term M&A performance, empirical research