Synopsis
This fascinating chronicle analyzes the frenetic merger and takeover activity of the 1980s, indicating why it happened and what the effect has been on American industry and finance.
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Reviews
Smith reviews the buyout of RJR-Nabisco, the hostile raids on Polaroid and Time-Warner, and the bust-up of the Beatrice conglomerate as he contends that merger waves and bull markets tend to go together. PW called this "a challenging book that punctures many widely held assumptions about the mergers and acquisitions process."
Copyright 1991 Reed Business Information, Inc.
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