Although there are already many articles on mergers and acquisitions (M&A) in circulation, this one tries not to be yet another analysis of their usefulness or lack of so, but is rather aimed at aligning the observation of existence of M&A clearly not directed at enhancing the shareholders' value with the knowledge gathered by organisational theory; this in turn is performed in order to arrive at sometimes scorned, especially by business practitioners, but quite tempting explanation of the ongoing M&A phenomenon.
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