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Article: The year of the deal Low interest rates, strong market fuel trend
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 7, 1995
- Author:
CopyrightCopyright 1995 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Corporate America yesterday decided to play "Let's Make a Deal."
Six major mergers, with a collective value of more than $18
billion, were announced yesterday morning before most people had time
to finish their first cup of coffee. It was a day of mergers in what
is fast becoming the year of the merger.
As of Nov. 3, American companies had announced $359 billion worth
of mergers and acquisitions, already more than last year's record
$347 billion, according to Securities Data Co.
"It is going to go on and on," said Allen Sinai, chief economist
at Lehman Bros., a New York investment firm. The forces driving the
mergers -- low interest rates, a strong stock market and intense
competition in ...