Conglomerate (Company)

Conglomerate (Company)

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure, usually involving a parent company and several (or many) subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large and multinational. Conglomerates were popular in the 1960s due to a combination of low interest rate(s) and a repeating bear/bull market, which allowed the conglomerates to buy companies in leveraged buyouts, sometimes at temporarily deflated values. Famous examples from the 1960s include Ling-Temco-Vought, ITT Corporation, Litton Industries Textron, Teledyne, Gulf and Western Industries, and Transamerica. As long as the target company had profits greater than the interest on the loans, the overall return on investment (ROI) of the conglomerate appeared to grow. Also, the conglomerate had a better ability to borrow in the money market, or Capital market, than the smaller firm at their community bank.show more

Product details

  • Paperback | 64 pages
  • 152 x 229 x 4mm | 104g
  • Log Press
  • United States
  • English
  • 6136679779
  • 9786136679778