摘要：This article investigates the motives for mergers and acquisitions in the U.S. meat products industry from1977-92. Results show that acquired meat and poultry plants were very productive before mergers, and that all but the very largest meat slaughter and processing plants and all but the bottom 20 percent of the poultry slaughter and processing plants significantly improved their productivity growth in their post-merger periods. These results lead to the conclusion that synergies and related efficiencies are important motives for Mergers and Acquisitions.
