Mergers: Britain's Cult of Bigness

While most U.S. corporations are continually on the prowl for ripe acquisition possibilities, merger fever is just beginning to infect Britain, which still abounds with inefficient, low-profit companies that duplicate products and services. Ironically, the Socialist government has been the primary booster of a trend toward bigger business, and in 1966 formed the Industrial Reorganization Corporation to promote and help finance regroupings in industry. As it happens, the chief beneficiaries of the government-sponsored merger wave are groups of experts who act as brokers for companies in search of a good buy.


Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!