Abstract
Recent years have seen a marked increase in international acquisition activity (Hamill and Castledine, 1996) as firms pursue a simultaneous strategy of business consolidation and geographical diversification (Taggart and McDermott, 1993). Indeed, cross-border acquisitions by UK firms have shown a rising trend over the past five years in terms of both numbers and values (see Figure 17.1). In 1996, Corporate UK invested £35 billion in such deals, accounting for over half of our total acquisition activity (data source: Acquisitions Monthly).
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© 1999 Academy of International Business, UK Chapter
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Schoenberg, R. (1999). Cultural Compatibility in International Acquisitions. In: Burton, F., Chapman, M., Cross, A. (eds) International Business Organization. The Academy of International Business. Palgrave Macmillan, London. https://doi.org/10.1057/9780230377851_20
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DOI: https://doi.org/10.1057/9780230377851_20
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-40801-6
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