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Current Event 1- Merger

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Nova Southeastern University
H. Wayne Huizenga School of Business & Entrepreneurship Assignment for Course: | MGT 5020 WKD | Submitted to: | Baiyun Gong | Submitted by: | | | | | | | | | |
Date of Submission: March 8, 2014
Title of Assignment: Current Event 3

CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course.
Student's Signature:
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Instructor's Grade on Assignment:
Instructor's Comments:

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Will the Merger Work?
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You might merge with another organization, but two drunks don't make a sensible person- Gary Hamel
Two of the largest grocery store chains, namely Albertsons and Safeway, are planning to merge in the near future. Thus creating a network of 2,400 stores, 27 distribution facilities and 20 manufacturing plants with more than 250,000 employees.
One major reason for joining with another organization is to grow quickly and economically. Similarly, there is always a notion that by sharing resources and applying leverage, merged companies can create and seize market opportunities.
Working together will enable us to create cost savings that translate into price reductions for our customers, said Albertsons CEO Bob Miller in the release. (as cited in Lobosco, 2014).
Although Safeway shareholders anticipates more than $9 billion in shares, little is said about the employees at both companies. How will they manage the merger? Often enough,

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