Horizontal merger

Definition:

A merger involving two or more firms in the same industry that are both at the same stage in the production cycle; that is, two or more competitors.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Bundling, unbundling

Creation of securities either by combining primitive and derivative securities into one composite hybrid or by separating returns on an asset into classes.

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