So there are now three mega mergers on the table, representing significant consolidation. All citing similar reasons of needing to consolidate to strengthen position to weather downturn which you may or may not buy into. I guess one doing it mean the others needed to start looking too.
Anyway, this contrasts with earlier market thinking that currently large mergers within this sector represented bad value and were unnecessary and instead companies should focus on buying up smaller and midcap pharma and biotech companies as they would give the extra diversification / product development benefits without the difficulties / costliness of integration and many are thought to be already struggling with more to follow, and so better value at that end of the market.
Like Breitling, I'd see retail mergers likely, in fact I was wondering whether what were Safeway, Morrison, Co Op and Somerfield could merge. At the moment despite the most recent tie ups they're still too small to compete on a level with Tesco / Asda / Sainsburys. I wonder what Budgens are up too aswell actually.
Not sure about mining, but perhaps energy, natural gas, something like that.