conglomerate

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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 ?
Conglomerates are composed of two or more units that are producing products or services that are significantly different from one another.
These conglomerates will be the financial equivalent of nuclear bombs.
The crash of the conglomerates in the financial sectors come after the collapse of their business in the real sectors which have fallen apart earlier due to the impact of the economic and monetary crises.
President Kim has insisted the country must complete a broad restructuring of its industrial conglomerates by the end of the year to restore international investors' confidence in the South Korean economy.
The presence of large black-owned conglomerates and the agglomeration of many black businesses in Chicago helped black entrepreneurs cope with racial barriers in the early 1900's.
Golombek of JPL calls the finding "very strong evidence of water-worn conglomerates on Mars.
Integreon last year completed a management-led buyout in partnership with the Ayala Corporation, one of the leading conglomerates in the Philippines.
During a meeting with CEOs of the nation's five largest conglomerates last month, FTC Chairman Kim Sang-jo promised to thoroughly investigate nonprofit foundations owned by conglomerates.
But in their separate disclosures to the Philippine Stock Exchange last week, the conglomerates, in similarly worded statements said talks are still in the exploratory stage and that no firm commitment or formal agreements have been reached, including the final composition of the consortium.
Tycoon Andrew Tan-led conglomerate Alliance Global Group Inc.
The Australian Prudential Regulation Authority (APRA) has today released final requirements for governance and risk management components of the framework for supervision of banking and insurance conglomerate groups (Level 3 framework).
These conglomerates combine banking, insurance and investment functions in one group and so straddle the remit of traditional supervisory authorities.