Word: tomislava
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...experts who painstakingly track merger activity agree. A total of 2,533 mergers in the U.S. was reported last year by Chicago-based W.T. Grimm & Co. That was a nine-year high. "We usually don't like to make predictions," says Grimm's research director, Tomislava Simic. "But I think you can expect to see the trend continue." That alarms some economists and politicians, who contend that takeovers are wasteful and dangerously concentrate corporate power. But many businessmen answer that under current conditions it often makes more financial sense to buy an existing company than to start...
Moreover, inflation in construction costs has encouraged companies to buy existing factories rather than build them and acquire mines rather than dig their own. Concludes Tomislava Simic, an expert on merger patterns for Chicago...
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