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Banks, Banking, Insurance, Fund Management
Future of Banking: Merger fever is hitting Europe. In November 1998 alone mergers and acquisitions reached a new record of $58.5 billion of which $38.5 billion was from operations exceeding $1 billion, according to a survey by JP Morgan Securities.
61% of US mergers destroy shareholder value - Business Week report October 2002. The AOL Time Warner merger cost shareholders about 80 percent of the value of the combined company on the day of the merger.
Archived article on mergers and acquisitions in EU - 1998. The process of consolidation of companies contiued in a frenzy for the following decade.
Read more: Future of Banking: Merger fever in EU - ARCHIVE 1998