Date of Defense

4-12-1996

Department

Finance and Commercial Law

First Advisor

Dr. James D'Mello

Second Advisor

Dr. Ajay Samant

Abstract

Nineteen Ninety Five smashed all records for mergers and acquisitions at home and abroad. An unprecedented $458 billion in deals were announced by U.S. companies, up 32% from the old record of $347 billion reached in 1994, according to the Securities Data Co. Similarly, deal count, which last year came in with 7,565 announced transactions, registered a new record as 8,954 transactions were announced in 1995. Globally, a record $866 billion in transactions were struck, up 51% from the $572 billion announced in 1994. The big highlights were banking, financial services, pharmaceuticals and big transactions in media and telecommunications. From diaper makers (Kimberly Clark-Scott Paper) and drug makers (Pharmacia-Upjohn) to software sellers (IBM-Lotus) and cartoon creators (Disney-Cap Cities), companies across the corporate landscape tied the knot in an effort to cut costs and boost earnings.

Access Setting

Honors Thesis-Open Access

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