Conglomerate
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Related to conglomerated: agglomerated
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.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.