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SUNDAY, NOVEMBER 22, 2009
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 ANALYSIS 
8

Rise in Mergers Signals Fresh Confidence

Chief execs becoming more bullish about recovery prospects

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(Newser) – Mergers and acquisitions activity is still way down from pre-financial crisis levels, but a recent flurry of big deals suggests America's chief executives are regaining confidence in their own businesses. Recent mergers have involved strategic buys by big companies instead of the debt-fueled private equity buys seen a couple of years ago. That bodes well for a strong recovery, analysts tell the New York Times.

"This is sign that things have stabilized,” said a Credit Suisse analyst. “CEOs are beginning to say, ‘If I don’t buy it now, it’s only going to get more expensive.’" The health care and technology sectors have been leading the way in deal-making.  "At the end of the day, in tough times, strong companies look to invest in their future," said Xerox's chief executive, who yesterday announced a $6.4 billion deal to buy Affilated Computer Services.

Xerox Corp. announced yesterday that it will buy Affiliated Computer Services Inc. for $6.4 billion in cash and stock.
Xerox Corp. announced yesterday that it will buy Affiliated Computer Services Inc. for $6.4 billion in cash and stock.   (AP Photo/Douglas Healey, file)
A bronze bull, Wall Street's icon of prosperity, is poised to charge in New York City's financial district.
A bronze bull, Wall Street's icon of prosperity, is poised to charge in New York City's financial district.   (AP Photo/Mark Lennihan)
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Will you see us move with a lot of acquisitions over this next year? You betcha. Especially if it plays out economically the way that
I think.
- John Chambers,
chief executive of Cisco Systems

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8 comments
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yoeydude
Sep 29, 09 3:22 AM CDT
and when it sinks in that our current leadership , grabbed the wheel from a disaster just in time , and got us going in the right direction at least , they talked the talk , then they walked the walk ,... that will be one of the solid bricks in a wall of accomplishments that will be an impassable obstacle for the American right Reply
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+1
hughchi
Sep 29, 09 3:24 AM CDT
Wake me up when any of this translates into more jobs and better pay for the masses. Reply
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+2
IN RESPONSE:
wwwonderer
Sep 29, 09 12:46 PM CDT
It won't
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0
IN RESPONSE:
yoeydude
Oct 1, 09 1:33 AM CDT
you see an example of the masses , and there thoughts , here ,...... and we could do with a few less of the ,......... a ....... fuck the masses
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0
oldgoat
Sep 29, 09 4:37 AM CDT
So in other words less competition, consolidate more jobs, bigger CEO bonus and what happens if they get too big to fail? Reply
Vote up! Vote down!
+3

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