Mergers, acquisitions and alliances a new trend in the banking sector / Mohd Fadilah Halim

The mergers and acquisitions arena has been described as a marketplace in which competing managements vie for the right to manage scarce resources by offering alternative corporate strategies. The essence of strategy is competition, which requires the creation and identification of competitive advantage. ( Brendon Young: In the studies made in the recent increase in acquisition and merger; Management Accounting Sept, 1989 )