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• n 1968, at the height of the wave, about eighty-four percent of the large mergers were of the conglomerate type.' Moreover, conglomerate acquisitions ac- counted for more than $11 billion of the $12.6 billion in
• In America during the 1960s and 1970s, conglomerate mergers and conglomer- ate corporations were the "fashionable" form of corporate acquisition. 4 The tradi- tional conglomerate firm was an
• During this wave of merger activity-which began quietly in the years following World War II and reached its peak in the 1960s and 1970s-many entities followed the
• 1980s as corporate execu- tives turned their focus to other forms of acquisitions. The 1980s saw widespread corporate restructuring that has generally been viewed as an "undoing" of the con- glomerate wave of the 1960s and 1970s." ° A
• A "pure" conglomerate merger, typical during the conglomerate wave of the 1960s and 1970s, existed where the relationship or motives between the two entities was less clear. The U.S. S

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