Sunday, November 06, 2005

Merger activity gets noticed, again

This weekend, Wall Street Journal as well as Barron's have devoted some space to the spurt in merger activity this year, with Barron's making it a cover-story.

Summary - with around $2 trillion in cash, and more ($8 trillion ?) if you consider non-liquid holdings and ability to take on low-cost debt, what we have seen is just the beginning.

I for one, have been saying this for over 2 years! The number of cash transactions has just been astounding. The merger activity in Europe has surprised most observers.

We will be left with far fewer public companies 5 years from now.


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