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:
“In the Yangtze River waves push the waves ahead; so in life new people constantly replace the old ones.”
—Chinese proverb.