Small, but perfect for reforming
Article Abstract:
Some 8,917 acquisitions were announced in Europe in 1998, at a total value of $594 billion, up by a third from 1997. As many as 96% of the 1998 acquisitions were worth less than $250 million each, indicating that smaller deals are having a significant impact on changes to the business environment in Europe. Consolidation offers substantial potential for boosting the profitability of European companies, while smaller deals are also serving to abolish conglomerates. In many cases, American money is behind these deals, but their long-term success will depend on European managers.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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All fall down; Glaxo's proposed links with SmithKline Beecham was typical of the merger wave of the 1990s; surprisingly, its collapse may be cause for optimism
Article Abstract:
The cancelled merger between Glaxo Wellcome and SmithKline Beecham cost the companies $21 billion in share values and placed in question other mergers of its type. The failed deal also revealed that such deals are motivated by the ego needs of managers rather than the interests of the shareholders.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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Merger Monday
Article Abstract:
On Oct 13, 1997, six mergers were announced in Europe, and the total value of the proposed mergers or acquisitions is an estimated $130 billion. The mergers may eventually show that European companies finally embraced the idea of a single market. Effects of the mergers are examined.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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