Wednesday, July 25, 2007

Merger season heats up

From The, July 25, 2007:

If the past two years are any guide, August should be one of this year's busiest months for mergers.
According to the Federal Trade Commission's latest report to Congress, filed Tuesday, July 24, 186 mergers were reported to the government last August, more than any other month in the last fiscal year. In the prior year, August missed the top spot by only one, with 170 companies telling the government they were getting ready to make an acquisition.
One reason for August's popularity: That's the latest companies can request government approval for a deal and expect to get a decision in time to close the merger by the end of the calendar year.

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