Merger-and-acquisition (M&A) activity in any industry segment usually reflects the overall health of its economic conditions. In good times, companies have cash and confidence to pursue expansion activities and new growth markets—many times, via the M&A route. In not-so-good times, the activity slows, as companies look inward toward strengthening their existing businesses through cost reductions and efficiency improvements.
William J. Hornell
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Tom Polischuk
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