Wednesday, November 28, 2007

Climate change inspires thoughts of M&A

November 28 - Financial News (U.S.) - Climate-change concerns may set off a wave of mergers as a survey found that 20% of companies have considered buying a business to cope with the greater focus on alternative energy.

UK law firm Clifford Chance surveyed over 100 top executives at mostly multinational companies based in the US, UK, Europe and Asia about climate change issues.

The survey found that 44% of the Asian companies had considered buying another business, in areas like wind farms. About 19% of companies in the US and UK had made similar plans, along with about 13% of the companies in mainland Europe. Read More.

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