Most of the mergers and acquisitions shown in Figure 14.1 are horizontal (i.e., they are between companies

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Most of the mergers and acquisitions shown in Figure 14.1 are horizontal (i.e., they are between companies within the same sector). Some of these horizontal mergers and acquisitions are between companies in the same country; some cross national borders. Are there any reasons why horizontal mergers and acquisitions are likely to be more beneficial than other types of mergers and acquisitions (diversifying and vertical) and involve less risk? Among these horizontal mergers and acquisitions, which do you think will be more successful: those between companies in the same country or those that cross borders?

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