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Article: Mergers and acquisitions in the global chemical industry.
- Article from:
- Business Economics
- Article date:
- October 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 The National Association of Business Economists. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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POWERFUL FORCES OF CHANGE LEAD TO A HIGH RATE OF M&A
Mergers and Acquisitions (M&A) have performed a significant role in the adjustment processes of the chemical industry. This industry illustrates patterns of restructuring and M&As similar to those in industries generally (Weston, Chung, and Siu, 1998; Filippello. 1999; Weston and Chiu, 1996; Weston and Jawien, 1999; Siu and Weston. 1996). This paper will illustrate how these patterns have evolved in the chemical industry.
Forces of Change
Total M&A activity in the United States in 1998 reached $1.3 trillion, double the level of the previous year and accelerating the trend of earlier years. It ...