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The 1992 Horizontal Merger Guidelines ("Merger Guidelines") specify that "mergers should not be permitted to create or enhance market power or to facilitate its exercise" [ 14].
Mr Zisson thinks that mergers of equals hardly ever work.
Indeed, some researchers find that mergers lead to worse outcomes.
Lazard's latest earnings report shows that mergers and acquisitions rankings have few clothes.
Victor Kung, finance director of Fubon, says that mergers of state banks "delay reform.
Some have suggested that mergers between white dwarfs can lead to these explosions.
Another view is that mergers are driven by something other than profit.
The success of divestitures doesn't mean that mergers are always a mistake.
Most operators and analysts think that mergers inside borders are a likelier route.
The weaving and unweaving of operations may reflect the difficulties that mergers and acquisitions routinely create.
They also suggest that mergers may not be the solution to the industry's problems.
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