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Wave 3: 1965–1970

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In the context of heightened antitrust enforcement to limit horizontal combinations, firms turned to conglomerate or diversifying combinations in this wave. Activity was especially concentrated among a group of conglomerates and oil companies. The wave coincided with a strong economy and bull market in the 1960s. Antitrust enforcement against the rise of conglomerates marked the peak of this wave.

Applied Mergers and Acquisitions

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