Vol. 2, Issue 2, Part G (2016)

Abstract
During the financial Crisis in Greek the Government had advocated the banks to merge. The long dream of TATA Steel to penetrate the world market has come through when TATA acquired Corus. Merger and acquisitions happens for various reasons. One of the main reasons for companies to choose mergers and acquisitions is improved operating performance. This paper examines the pre and post acquisition financial performance of merged firms in Indian manufacturing sector. The sample comprises of 3 companies. Ratio analysis and Wilcoxon signed rank test is used. Result reveals that mergers and acquisitions had no high impact on the financial performance of the firms.