Tomorrow -- the world ...(Brief Article)

Chemical Market Reporter, March, 2000 by Walker, Marjorie

Are the petrochemical megadeals seen during the past few years coming to an end, or are they part of a self-perpetuating cycle? Marjorie Walker THE frantic pace of industry restructuring continues and for some at least, it must seem as if this quest for critical mass is, at least temporarily, creating a critical mess.

Companies are breaking apart, new companies are being formed, allegiances are changing, jobs are disappearing. Are the pressures for change really greater than ever before, or does it just seem that way? And is it all going to prove worthwhile? Studies have purported to prove that mergers, far from creating value for shareholders, destroy it. But these studies cannot measure what might have happened had the companies continued...

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