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Four critical decisions that make or break the deal. The third merger wave slowed down and the end of the 1970s and collapsed completely in 1981 when there was an economic recession due to a significant oil crisis. Since all horizontal mergers eliminate competition between the merging companies, any horizontal merger that meets our test for an increase in efficiency must do so because its net effect is to increase efficiency. While few if any deals are true mergers of equals, the sobriquet goes a long way to soothe the egos of the management of the acquired company. Then no one can view, edit or print the content on your pdf document without authority. Changing the way people view, share and work with edocuments. The authoritative guide for integration success, revised edition pritchett, price on.
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