A key issue facing any large business today is that of rightsizing i.e. developing a business that is just the right size – for the markets it operates in and for the effective running of the organisation. During the 1980s, it was common practice in the UK for many organisations to grow by merging with others. A merger is a situation in which two or more enterprises ‘cease to be distinct’. This can occur in two ways: The enterprises are brought under common ownership and…

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