The term “conglomerate merger” refers to a merger that is between two unrelated businesses that do not compete with each other and are not customers or suppliers of each other.
54 Am. Jur. 2d Monopolies, Restraints of Trade, and Unfair Trade Practices § 169 (1996).
“A merger which is neither vertical nor horizontal is a conglomerate merger. A pure conglomerate merger is one in which there are no economic relationships between the acquiring and the acquired firm. Mixed conglomerate mergers involve horizontal or vertical relationships, such as acquisition of a firm producing the same product as the acquirer but selling it in a different geographical market, which is not a horizontal merger because the merging companies are not competitors.”