Across
- 3. a potential pitfall of M&As where the merger reduces competition too much
- 5. another word for internal development
- 8. an M&A to take a firm into new markets
- 13. problems associated with buying another firm and getting "spare parts"
- 15. doing your homework before signing a deal
Down
- 1. an acquisition where the target doesn't want to be acquired
- 2. another term for mergers and acquisitions
- 3. one company buys another
- 4. an M&A undertaken to exploit one industry blurring into another
- 6. one benefit of M&A
- 7. joining together of two companies, often friendly
- 9. the goal of M&As where the sum exceeds the whole of the parts
- 10. an M&A done to eliminate excess capacity in an industry
- 11. reducing the number of possible deals down to the best one
- 12. managers think they have more skill than they really do
- 14. the difference between the M&A price and the target's market value