conglomerate


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Related to conglomerate: Conglomerate merger

Conglomerate

A corporation operating in several different and unrelated enterprises, such as the movie industry, baking, and oil refining.

A conglomerate merger is one that brings together two firms with totally different product lines, economic relationships, and functions. Such a merger may violate antitrust acts inasmuch as it may have an adverse effect on competition.

conglomerate

adjective accumulated, aggregate, amalgamated, amassed, assembled, blended, brought together, collected, collectivized, complex, composite, compound, compounded, congregate, congregated, cumulated, gathered into a round mass, glomerate, indiscriminate, inseparable, mass, mingled, miscellaneous, mixed, united, varied
See also: accumulation, agglomeration, aggregate, assemblage, coadunate, coalition, coherent, collect, collection, combine, commingle, compile, complex, composite, compound, concentrate, congregate, consolidate, corporation, corpus, crystallize, cumulation, desegregate, development, gather, join, merge, unite
References in periodicals archive ?
MPIC is one of seven of the country's biggest conglomerates that have decided to work together in submitting an unsolicited proposal to rehabilitate Naia, which is suffering from worsening congestion.
This development comes amidst news that Mega Conglomerate had purchased a majority 87.
Given the pet industry deals with living things, I think conglomerates are better for the industry.
The conglomerate also joined a super consortium of seven conglomerates, which plans to submit an unsolicited proposal to develop the Ninoy Aquino International Airport (NAIA).
Doing so might allow him to shed the conglomerate discount assumed to be built into Reliance's stock price.
The Joint Committee of the European Financial Supervisory Authorities' Subcommittee on Financial Conglomerates (JCFC)(1) has launched a public consultation on the review of the Financial Conglomerates Directive (FICOD - see box).
Taiwan's top-five conglomerates are in the high-tech industry while those in China are state-run enterprises, as was in Taiwan in the 1970s.
In the macro-level study, I use various conglomerate return indexes to capture the value difference between a portfolio of conglomerates and a portfolio of focused firms.
Eventually, the loans were called in, the debtors were unable to pay, and the businessman found himself--along with many of his fellow spendthrifts--working for that same predatory conglomerate.
David Michonski, CEO Coldwell Banker Hunt & Kennedy--an independently owned and operated firm which is not part of Cendant--is among the skeptics who said the move echoes those of other large conglomerates including Sears Roebuck and Prudential.
Cendant, whose stock price never fully recovered from a 1998 accounting scandal, is the latest conglomerate to decide that its separate businesses are worth more split apart.
That appears to be what is happening now with Tyco International, whose creation of an enormous conglomerate -- driven by a pell-mell acquisition strategy during the past decade -- has been questioned by management itself.