Relate the industry shock theory of mergers to the history


1. Relate the industry shock theory of mergers to the history of merger waves. What were the motivating factors for increased merger activity during each of the five major merger waves?

2. Under what conditions would external expansion be preferable to internal expansion? What is the ultimate decision criterion for determining the acceptability of any expansion strategy?

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Corporate Finance: Relate the industry shock theory of mergers to the history
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