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Gsk - A Case Study On The Strategy Of “Merger Of Equals” In Ethical Pharmaceuticals

Author

Listed:
  • Bernardo Batiz-Lazo

    (Open University Business School)

Abstract

This case summarises events leading to the creation of a global giant. The merger of Glaxo Wellcome and SmithKline Beecham had implications that went beyond the UK, where both companies were domiciled. The new company sought to take residence in the US but anti-trust authorities kept the companies formally apart for more than a year as they examined every aspect of the deal. The case invites readers to consider the process of integration as a general strategy, as well as the expectations, deliberations and motivation of managers and shareholders in doing so.

Suggested Citation

  • Bernardo Batiz-Lazo, 2002. "Gsk - A Case Study On The Strategy Of “Merger Of Equals” In Ethical Pharmaceuticals," Industrial Organization 0211017, EconWPA.
  • Handle: RePEc:wpa:wuwpio:0211017 Note: Type of Document - pdf; to print on HP/PostScript/Franciscan monk; pages: 16
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    File URL: http://econwpa.repec.org/eps/io/papers/0211/0211017.pdf
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    References listed on IDEAS

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    1. Benston, George J & Smith, Clifford W, Jr, 1976. "A Transactions Cost Approach to the Theory of Financial Intermediation," Journal of Finance, American Finance Association, vol. 31(2), pages 215-231, May.
    2. Baumol, William J, 1982. "Contestable Markets: An Uprising in the Theory of Industry Structure," American Economic Review, American Economic Association, vol. 72(1), pages 1-15, March.
    3. Canals, Jordi, 1994. "Competitive Strategies in European Banking," OUP Catalogue, Oxford University Press, number 9780198773504.
    4. Gilbert, R Alton, 1984. "Bank Market Structure and Competition: A Survey," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(4), pages 617-644, November.
    5. Baltensperger, Ernst, 1980. "Alternative approaches to the theory of the banking firm," Journal of Monetary Economics, Elsevier, vol. 6(1), pages 1-37, January.
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    JEL classification:

    • L - Industrial Organization

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