U.S. Tops List for Foreign Acquisitions for 1st Time

THE JOURNAL RECORD, January 12, 1993 | Go to article overview

U.S. Tops List for Foreign Acquisitions for 1st Time


NEW YORK (AP) _ American investors outspent their Japanese and European counterparts on foreign acquisitions in 1992, shelling out $13.3 billion to buy 342 foreign companies, according to a survey released Monday.

It was the first time the United States led in the global survey, conducted since 1988 by KMPG Peat Marwick, an accounting and consulting firm.

French companies, which spent $13 billion on 245 transactions in 1991 to lead the world in cross-border buying, fell to second place with 180 deals valued at $9.9 billion.

The Japanese, facing a continuing slump and tight credit at home, completed only 79 acquisitions for $3.5 billion _ paltry compared with the tens of billions spent during the country's 1980s buying binge.

Worldwide acquisitions jumped by 30 percent last year to $72.6 billion, compared with $54.4 billion in 1991, the survey showed. But the international mergers and acquisitions market _ which topped $130 billion in 1989 _ remains sluggish.

The total number of transactions dropped by more than a thousand to 1,810 in 1992. However, there were 10 cross-border "mega deals" worth $1 billion and over, up from only two in 1991.

The largest single deal by a U.S. company was tobacco producer Philip Morris' $1.4 billion purchase of Norwegian food company Freia Marabou.

While U.S. overseas buying was up by $5. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

U.S. Tops List for Foreign Acquisitions for 1st Time
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.