HP Impact: HPImpact: M&A's transitioning to 'buyer's' market
Through the first nine months of 2000, $23 billion in chemical deals were completed. This compares to $29.4 billion in the year-ago period. Including deals that have closed since then, it appears unli..
Through the first nine months of 2000, $23 billion in chemical deals were completed. This compares to $29.4 billion in the year-ago period. Including deals that have closed since then, it appears unlikely that 2000 will eclipse the 1999 record of $38.2 billion.
This assessment is by Peter Young, president of the American Section of Societe de Chimie Industrielle (www.societe.org). Mr. Young is also president of Young & Partners, an investment bank serving the chemical and pharmaceutical industries.
Speaking at a recent society meeting, Mr. Young emphasized that through acquisitions, chemical companies have traditionally focused on growth and profitability, building leadership positions a
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