TITLE

Mergers and Acquisitions in the Global Chemical Industry

AUTHOR(S)
Weston, J. Fred; Johnson, Brian A.
PUB. DATE
October 1999
SOURCE
Business Economics;Oct99, Vol. 34 Issue 4, p23
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Merger and restructuring activities are responses to strong forces of change, notably the increased pace of technological change and the globalization of markets. These processes have been magnified in the global chemical industry. The higher growth of the service industries, which are not chemical-use intensive, has been an adverse secular development. The research and development (R&D) intensive chemical industry has produced a high rate of innovation and made significant contributions to the economy. Yet, the rapid rate of diffusion of important new discoveries has dampened the returns from the high-risk R&D investments. In adapting and adjusting to these challenges, chemical firms have made continuing use of the many forms of mergers, divestitures, joint ventures, restructuring, spin-offs, share repurchases, as well as internal efforts to renew strategic visions, improve efficiency, and reduce costs.
ACCESSION #
2336216

 

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