Not a Member? Get access to HR news and resources that you can trust.
Standing desks and other innovative workstations can help counterbalance the negative health effects of sitting.
Is your employee handbook ready for the New Year? With SHRM’s Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Get the HR education you need without travel expenses or time out of the office.
Elevate Your Talent Strategy. Join us in Chicago, IL – April 24-26, 2017.
U.S. companies conducted $528 billion in mergers and acquisitions (M&As) last year, a 13 percent jump from 2002, according to FactSet Mergerstat LLC, a global mergers and acquisitions research firm in Santa Monica, Calif. That growth marked the first year-over-year upturn since 2000.
Among the top megadeals were:
Bank of America’s $47.8 billion agreement to buy FleetBoston Financial Corp.
The St. Paul Cos. Inc. acquisition of Travelers Property Casualty Corp. for $16 billion.
But it wasn’t just the titans that spurred M&A escalation. Deals worth $50 million to $90 million chalked up a 12 percent hike in 2003 over 2002, according to FactSet Mergerstat data.
The boom is likely to continue this year. A survey conducted in December 2003 by Thomson Financial in New York and the Association for Corporate Growth in Glenview, Ill., found that 85 percent of 1,301 business executives from companies of all sizes—those with annual revenues of less than $5 million to those with revenues of $500 million or more—think the M&A environment will improve this year, and 90 percent of those polled expect the number of deals to rise.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
SHRM Talent Management Conference & Expo
SHRM’s HR Vendor Directory contains over 3,200 companies