Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
conglomerate
n. A corporation that owns unrelated enterprises in a wide variety of industries. - conglomerate (kanglom-a-rayt), vb. - conglomerate (lean-glomar-it), adj.
conglomerate merger
A merger between unrelated businesses that are neither competitors nor customers or suppliers of each other. "A merger which is neither vertical nor horizontal is a conglomerate merger. A pure conglomerate merger is one in which there are no economic relationships between the acquiring and the acquired firm. Mixed conglomerate mergers involve horizontal or vertical relationships, such as the acquisition of a firm producing the same product as the acquirer but selling it in a different geographical market, which is not a horizontal merger because the merging companies are not competitors ...." 54 Am. Jur. 2d Monopolies, Restraints of Trade, and Unfair Trade Practices ยง 169, at 226 (1996).