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At Procter & Gamble, one of the problems they were facing was that 80-plus country teams were all acting independently. Pampers Europe was not collaborating with Pampers North America. This example illustrates the differences due to their:
Merger
Agreement in which two or more firms combine to form one company.
Acquisition
Agreement in which one company purchases another.
Leverage
Increasing the rate of return on funds invested by borrowing funds.
Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
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