MODERN MERGERS
Sir Alfred Mond, in a considered opinion on amalgamations, recently said: —''Modern mergers when managed by able business men are not made for the purpose of creating monopolies or of inflating prices. Fusions are formed for the purpose of realising the best economic results which both capital and labour will share to the best advantage. They enable varieties of industries to form an insurance against fluctuations of markets and prices in individual products. In fact, both for the shareholder and the worker, fusion acts as a form of insurance against those risks, in industry which are inherent and cannot be avoided, even by the most skilful management.''
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Ellesmere Guardian, Volume XLV, Issue 3078, 8 April 1927, Page 4
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109MODERN MERGERS Ellesmere Guardian, Volume XLV, Issue 3078, 8 April 1927, Page 4
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