The Effects of Conglomerate Mergers Available to Purchase

This paper is part of the Merger Project being carried out at the International Institute of Management. The bulk of the project consists of studies of the determinants and effects of mergers in seven countries. Since most of the mergers in Europe are between firms in the same industry, or vertically connected, the other studies which are part of the Merger Project do not focus on the conglomerate merger per se. The conglomerate merger, a merger between firms in unrelated industries, has been a major form of merger only in the United States so far.