Merger Control and the Public Interest: Balancing

"The market for corporate control plays an important role in disciplining the management of companies and can drive economic efficiency. Not only do mergers and acquisitions (M&As) provide the opportunity for management innovation, the purchase of weak firms and the movement of capacity from declining to growth sectors; they may also allow the merging firms to engage in efficient consolidation, to increase productivity and to deliver technological innovation and efficiencies, for example, through achieving complementarities,economies of scale and scope."