Mergers have surged in the past 20 years because many industries are not suited to midsize or small companies.

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The last 20 years have seen a surge in mergers.Certain industries, like oil, telecommunications, automobiles, financial services, and pharmaceuticals for instance, aren't suited to being midsize, let alone small and local, so companies in these industries are trying to become bigger and cross-border.The means for doing so is to merge with other big companies.

Mergers Have Surged in the Past 20 Years Because Many