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.

References in periodicals archive ?
There is also conglomeration in which a holding company is not a bank but a subsidiary in the form of a bank, he remarked.
Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait and Oman in particular will have dense urban conglomerations, with 45.1 million people expected to reside in GCC cities by 2020 - 85 per cent of the total estimated population.
Such a development could become a divisive way of replacing the unpopular large wind turbine conglomerations.
IONS, one of the biggest conglomerations of Navy heads, was aimed at evolving joint strategy to face maritime threat in the strategically significant region.
The government has announced that it will give KRW 2.2 trillion ($2.35 billion) to bolster R&D and KRW 53.7 billion ($57.3 million) to improve cooperation between conglomerations and small and medium enterprises (SMEs).