Financial Services Industry
Industry: Email Alert RSS FeedIt's time to get together.(investment banks enjoy boom in international mergers and acquisitions)(Industry Overview)
Banker, The, February, 1999 by Shearlock, Peter
Investment banks were kept busy by the sheer volume of long-delayed transactions made possible during 3rd qtr 1998 when world stock prices staged a rally. Investment bankers had it so good starting from Oct 19, 1998 with the announcement of four American transactions worth $25 billion to British Petroleum and Amoco's $110 billion merger in late 1998. Investment banks cite a number of factors ranging from globalization, the single European market and deflation to explain corporate consolidation in finance, crude oil, pharmaceuticals and the telecommunications markets.
Peter Shearlock says international M&A has boomed as merging has became the thing to do
Like a cork coming out of a bottle, the rally in World stock markets from the start of the third quarter last...
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