Used in the context of general equities. In-line expression of interest in a particular stock, usually asking the firm to bid for or offer stock.

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Horizontal merger wave (1895-1904)

The first merger wave began right after the 1883 depression in a period of rapid economic expansion. The combination movement consisted mainly of horizontal mergers, which resulted in high concentration in many industries, including heavy manufacturing industries. Accomplished with this merger wave was the completion of the transcontinental railroad system, the advent of electricity and a major in ...

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