InterviewSolution
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What Is Congeneric Merger? |
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Answer» Generic means in simple words – generally meaning the same – so congeneric merger is when two companies belonging to the same/ related industry – but PRODUCING/ dealing in different products merging to form a company. LETS say, a producer or PROFESSIONAL bats for the game of CRICKET – and a company producing only baseball bats merge to go GLOBAL with their bats! Generic means in simple words – generally meaning the same – so congeneric merger is when two companies belonging to the same/ related industry – but producing/ dealing in different products merging to form a company. Lets say, a producer or professional bats for the game of cricket – and a company producing only baseball bats merge to go global with their bats! |
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