The merger of Westpac Bank and St George bank is an example of ________merger.
a. |
Congeneric |
|
b. |
Horizontal |
|
c. |
Conglomerate |
|
d. |
Vertical |
CONGENERIC MERGER - It is a type of merger where two companies are in the same industries or markets but do not offer the same products.
HORIZONTAL MERGER - It is a merger or business consolidation that occurs between firms that operate in the same industry.
CONGLOMERATE MERGER - It is neither horizontal or vertical.
VERTICAL MERGER - It is a merger of two or more companies that provide different supply chain functions for a common good or service.
As Westpac bank and St George bank operate in the same industry, it is an example of Horizontal merger.
Answer is option b
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