 |
| Aruoriwoghene E. Oghounu |
Mergers and acquisitions are external restructuring options available to companies. In Nigeria mergers and acquisitions have been creating waves during the past few years due to the grim state of the economy. Most companies have been unable to continue their operations because of the bad state of economy and the adverse effect on these companies. Therefore, in some sectors of the economy, there has been government intervention to stabilize some of these companies; examples are 9 Mobile and Skye Bank (now Polaris Bank). Mostly affected in the mergers talks are banking and insurance companies.
