U.S. M&A off to fast start in 1997

04/07/1997
The pace of U.S. mergers and acquisitions in 1997 appears to be off to a fast start, reports Houston's Randall & Dewey Inc., acquisition and divestiture (A&D) consultants. Randall & Dewey expects about $2 billion in A&D announcements during first quarter 1997. Fourth quarter 1996 reported activity totaled $1.5 billion, down more than $2 billion from the preceding quarter; however, A&D activity totaling $6.8 billion for all of 1996 placed the year near the top of the $5-7 billion expected reported transaction volume range-only slightly less than the $7.1 billion high recorded in 1995. Randall & Dewey said U.S. independents led announced activity during 1996. Indepen...
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