The extending meaning of the case is that the horizontal merger and acquisition has better effects than the vertical merger and acquisition.
进而可以引申地认为，水平并购的效果要好于混合式并购。
In a horizontal merger, the acquisition of a competitor could increase market concentration and increase the likelihood of collusion.
在横向合并中，市场竞争者可获得的是提高市场的集中程度及增加串谋的可能性。
The merger and acquisition (M&A) fall into three main categories: horizontal M&A, vertical M&A and mixed M&A.
企业兼并可分为横向兼并、纵向兼并和混合兼并三种类型。
The merger and acquisition (M&A) fall into three main categories: horizontal M&A, vertical M&A and mixed M&A.
企业兼并可分为横向兼并、纵向兼并和混合兼并三种类型。
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