Everybody's Talking Takeover

Companies have loads of cash--so figure on some big buyouts

No matter how you slice it, takeovers are on a streak, getting hotter as the stock market has run up to record highs. "They'll accelerate and will likely continue to boil over in the next 6 to 12 months," says E. Michael Metz, investment strategist at Oppenheimer & Co. That's what he forecast last year for 1997, and he was on the money. Pressure on companies to broaden their sales bases and widen their profit margins will continue, he notes.

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