Firstly, according to merger objectives' industry, mergers are often categorized as horizontal, vertical, mixed or conglomerate mergers;

第一、公司兼并收购，依被并购对象所在行业部门来划分，被分为横向并购、纵向并购，混合并购。

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Most of the conglomerate merger in early stage are proved to be defeated and unreasonable, which didn't improve the expected profit but reducing the operation efficiency of the company.

但早期大多数的多元化并购已被实践证明是失败的、不合理的，它不仅没有带来预期的收益提高，反而降低了企业的运行效率。

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But in our country, there is lack of enough cognition, effective theory, and advocacy of law to rule the monopoly behavior that now causes by enterprise merger, especially by conglomerate mergers.

但我国目前对企业合并所致的垄断行为的规制由于缺乏足够的认识以及有力的理论和法律支持而倍显乏力，对混合合并行为导致的垄断更是无心过问。

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But everybody knows that pooling-of-interest accounting, which tends to inflate reported earnings after a merger, helped encourage the conglomerate craze of the late Sixties, and that changing those rules made conglomeration much less attractive.

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Pittman, who is perhaps best known for his prominent role in the AOL- Time Warner merger, has been with the radio conglomerate since last November as its chairman of media and entertainment platforms.

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Mr Gent is reported to have offered embattled German conglomerate Mannesmann a 49.9% stake in the combined company if it drops its opposition to the merger.

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