n]
| 1. | the act of combining or the state of being combined. |
| 2. | a number of things combined: a combination of ideas. |
| 3. | something formed by combining: A chord is a combination of notes. |
| 4. | an alliance of persons or parties: a combination in restraint of trade. |
| 5. | the set or series of numbers or letters used in setting the mechanism of a combination lock. |
| 6. | the parts of the mechanism operated by this. |
| 7. | Often, combinations. a suit of underwear in one piece. |
| 8. | Mathematics.
|

combination
Case Study Lucas Industries PLC and Variety Corporation, two manufacturers of auto and truck brakes, agreed in June 1996 to a combination to be called Lucas-Variety PLC. Managements of both firms indicated the combination was necessary so as to remain competitive in a market that demanded a global presence. The combination also was expected to produce cost savings and to result in tax savings by allowing the new firm to benefit from Lucas's tax-loss carryforwards. Terms of the agreement called for the two firms to merge into a new company through an exchange of shares. Variety's owners would receive approximately 38% of the shares of the new firm while Lucas's owners would receive the other 62% of the shares. The market prices of both firms' shares rose following announcement of the agreement, an indication that investors agreed with managements' assessment of the financial benefits of the merger. |