Pete Daoust
Conglomerate legal definition: A corporation operating in several different and unrelated enterprises, such as the movie industry, baking, and oil refining.
A conglomerate merger is one that brings together two firms with totally different product lines, economic relationships, and functions. Such a merger may violate antitrust acts inasmuch as it may have an adverse effect on competition.
Printed copy · Anthology Volume 4, page 645
