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Chapter 20: Mergers
Learning objectives
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The study of mergers is a subject worthy of a textbook in its own right. This chapter provides an overview of the subject and raises the most important issues. After working through the chapter the reader will be able to:
- describe the rich array of motives for a merger;
- express the advantages and disadvantages of alternative methods of financing mergers;
- describe the merger process and the main regulatory constraints;
- comment on the question: 'Who benefits from mergers?'
- discuss some of the reasons for merger failure and some of the practices promoting success.
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