horizontal merger and acquisition

基本解释

In viewing from horizontal M&A, the main agent of merger and acquisition is pursuing scale economics effect.
从混合并购来看，其动因主要是寻求协同效应、产业效应和风险分散效应。
In a horizontal merger, the acquisition of a competitor could increase market concentration and increase the likelihood of collusion.
在横向合并中，市场竞争者可获得的是提高市场的集中程度及增加串谋的可能性。
The extending meaning of the case is that the horizontal merger and acquisition has better effects than the vertical merger and acquisition.
进而可以引申地认为，水平并购的效果要好于混合式并购。

横向并购
The study also shows that the forms of merger and acquisition can influent the enterprise evaluation after M&A. The horizontal merger and acquisition have the best influence on the enterprise evaluation.
同时发现不同并购方式对提高企业并购后的价值影响不同。其中，横向并购方式对提升企业价值效果最好。