The economic history has been divided into Merger Waves based on the merger activities in the business world as:
| Period | Name | Facet |
|---|---|---|
| 1897–1904 | First Wave | Horizontal mergers |
| 1916–1929 | Second Wave | Vertical mergers |
| 1965–1969 | Third Wave | Diversified conglomerate mergers |
| 1981–1989 | Fourth Wave | Congeneric mergers; Hostile takeovers; Corporate Raiding |
| 1992–2000 | Fifth Wave | Cross-border mergers |
| 2003–2008 | Sixth Wave | Shareholder Activism, Private Equity, LBO |
Read more about this topic: Corporate Advisory, History of M&A
Famous quotes containing the word waves:
“During our twenties...we act toward the new adulthood the way sociologists tell us new waves of immigrants acted on becoming Americans: we adopt the host culture’s values in an exaggerated and rigid fashion until we can rethink them and make them our own. Our idea of what adults are and what we’re supposed to be is composed of outdated childhood concepts brought forward.”
—Roger Gould (20th century)