- Initially fragile memories can gain stability via consolidation, but the extent to which sleep contributes to this process is unresolved …
- —John D. Rudoy et al.
Examples of consolidation in a Sentence
the consolidation of several intelligence agencies into one super agency
Recent Examples of consolidation from the Web
Disney filed for regulatory approval Feb. 1, and the antitrust regulators spent just five months scrutinizing the consolidation.
Proponents argue the consolidation would streamline oversight and make things easier for states and consumers.
Media: Cheddar The deal represents the further consolidation of energy companies growing in shale oil and gas plays in the U.S.
The consolidation followed Harp and Looney’s endorsements of Lamont, who lost the 2010 gubernatorial primary to Dannel P. Malloy.
Their gift is the largest single gift from alumni since the consolidation of Clark Atlanta University in 1988 and school president Ronald A. Johnson, is also hoping that the gift sparks a trend. .
The memo offers no explicit details on how the consolidation will affect employees or their duties, other than to say that the bureau will coordinate with the union before implementation of changes.
And speaking of that... The great franchise consolidation continues Sure, all these acquisitions will help shape the future of film and television, but which deal will give us the best media franchise crossovers?
The Board of Estimate arose out of the consolidation of New York City, in 1898.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consolidation.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Financial Definition of CONSOLIDATION
What It Is
How It Works
Perhaps one of the most obvious examples of industry consolidation can be seen in the evolution of public accounting over the twenty years. In 1986, nine large accounting firms dominated the industry. But in 1987, Klynveld Main Goerdeler (KMG) merged with Peat Marwick Mitchell to create KPMG Peat Marwick, reducing the number of top-tier players to the "Big Eight." Then in 1989, Ernst & Whinney merged with Arthur Young, and Deloitte Haskins & Sells merged with Touche Ross, further consolidating the industry to the "Big Six." In 1998, the merger of Price Waterhouse and Coopers & Lybrand created the "Big Five," and the dissolution of Arthur Andersen in 2002 left the "Big Four."
Another, more recent example can be found in the online brokerage business, where after several rounds of consolidation, three major competitors have emerged: E*Trade (following its acquisitions of BrownCo and HarrisDirect), Ameritrade (which recently won a bidding war for TD Waterhouse), and Charles Schwab.
Why It Matters
One of the driving forces behind consolidation is the operating efficiencies that often arise from mergers. Because the merged entities can merge existing operating structures and reduce any overlap, there is usually an opportunity to realize significant cost savings, as well as related revenue synergies. There are numerous other reasons which might cause a company to acquire a rival, like gaining an expanded geographic reach, a larger customer base, a broader product line, etc.
Like oligopolies, duopolies, cartels, and other environments in which a few companies control all or a significant portion of an industry, consolidations alter the balance of power in an industry. Investors should carefully consider the ramifications that merger and acquisition (M&A) activity might have on the competitive landscape.
- pneumonic consolidation
- areas of consolidation
Seen and Heard
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