摘要：This paper aims to find out two proper target firms and make a proper advice for M&A, thus providing a method of how to assess the possible merger and acquisition. This paper will make suggestions for Jaffa Ltd, since it is an influential Australian based commodities trading company which encounter a dilemma of decreasing growth. Since the whole industry has the same problem, acquiring other newly developing companies from different industries will be a good strategy for this kind of companies that own a large amount of cash yet has difficulty in developing in its own field. With the business analysis, Jaffa Ltd is supposed to take over GMG and AZJ.
