Tuesday, April 03, 2007

Taste for mergers, buyouts unabated

April 2 - TimesUnion.com - Blue-chip stocks might have just suffered their worst quarter in two years, but that didn't stop Wall Street's army of investment bankers from putting together deals at a record pace.

High-profile transactions like the $31.8 billion takeover of energy company TXU Corp. and ongoing bids to buy the Chicago Board of Trade have helped U.S. acquisitions surge 21 percent from last year. That shows private equity firms and expansion-minded companies have not lost their taste for mergers and acquisitions despite stock market volatility. Read More.

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