Takeover spike: major mergers stand out on local scene.
Los Angeles Business Journal › January 02, 2006
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INVESTMENTS & FINANCE
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Takeover spike: major mergers stand out on local scene.
It started out slowly, but 2005 turned out to be a year when merger and acquisition activity nationwide topped $1 trillion amid an economy flush with cash.
Los Angeles was no stranger to the action, especially as dealmaking picked up toward the end of the year. Unocal Corp., one of the region's oldest companies, was swallowed up by ChevronTexaco Corp. after a takeover battle with a Chinese national oil company that played into fears about the Asian nation's growing economic power. Later in the year, DreamWorks SK...See the full content of this document
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