Question : Discussion Questions 20-1.Name three industries in which mergers have been : 1553924
20-1.Name three industries in which mergers have been prominent.
20-2.What is the difference between a merger and a consolidation?
20-3.Why might the portfolio effect of a merger provide a higher valuation for the participating firms?
20-4.What is the difference between horizontal integration and vertical integration? How does antitrust policy affect the nature of mergers?
20-5.What is synergy? What might cause this result? Is there a tendency for management to over- or underestimate the potential synergistic benefits of a merger?