History of Mergers and Acquisition
In the previous section, we had an overview of merger and acquisition. In this section we will cover its history. The understanding of the history of mergers and acquisition helps us to understand the importance of mergers and acquisitions in the world. If we take into account the detailed history, we find that merger and acquisition started to take place in the world from very early years. The emergence of U.S merger and acquisition took place in the early 20th century. After that it continued to take place in cycle or wave. During the cycle or wave, maximum number of mergers had taken place as discussed here under:
Therefore, we can assume that the growth of merger and acquisitions has been long drawn. The economic factors characterised its development. As far as the economic units of production exist, merger and acquisition would last for an ever expanding economy.
The lessons from the history about merger and acquisition will give the acquirer an idea of the right and wrong strategies used by these companies. He may then use this information for planning a good strategy.