“The farther afield mergers were, the less likely antitrust authorities were to intervene. Growth through mergers required that finance-oriented managers choose their targets carefully. They sought profitable and growing industries where their capital would earn higher rates of return and avoided mergers where the threat of antitrust prosecution might exist.”

— Neil Fligstein

Source: The transformation of corporate control, 1993, p. 240

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American sociologist 1951

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