Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Businessweek Archives

The Yanks Are Coming To Buy Foreign Companies


Economic Trends

THE YANKS ARE COMING--TO BUY FOREIGN COMPANIES

A marked role reversal took place in international acquisition activity involving American companies last year. According to Merrill Lynch Business Brokerage and Valuation division, which keeps tabs on merger activity, U.S. companies flexed their financial muscles by announcing a record 403 foreign acquisitions valued at $1 million or more, up 66% from 1991.

By contrast, similar acquisitions of U.S.-owned companies by foreign purchasers sank to an eight-year low of 167 last year. The sharpest decline in the number of acquisitions was posted by Japan, which announced only 12 purchases, compared with 30 in 1991.GENE KORETZ


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus