With the fundamentals in place for a frenzied year of mergers and acquisitions, the Big Five firm is predicting levels of activity above those of the record year in 1999.
Glyn Barker, PwC’s head of transaction services, said: ‘The only thing that is certain about the third Millennium is change – change at a faster pace than we have ever known. In business, mergers and acquisitions will be a primary tool to effect this change.
‘But the winners will be the ones that move beyond the easy availability of capital to using M&As to meet their customers’ needs, to attract the best talent in their industry, and to break through industry and functional barriers to redefine their industry.’
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