As conglomerate mergers and corporate diversification have proven to be failures in general, why would any manager

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As conglomerate mergers and corporate diversification have proven to be failures in general, why would any manager pursue these objectives? Can you think of any cases where corporate diversification has worked successfully? What distinguishes these cases from the norm?
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Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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