The Journal Record, April 11th, 1989
NEW YORK (AP) - If you go by the numbers, U.S. mergers and acquisitions fell sharply in the first quarter of 1989 compared with the frenzy of last year, but experts say the figures are misleading and the outlook for more takeovers is good.
``I don't see this as anything but a fluctuation,'' said Louis Lowenstein, professor of corporate finance at Columbia University's School of Law. ``Nothing fundamental has changed.''
The numbers - at least on the surface - indicate merger activity slowed from January through March. Mergers and corporate transactions announced during the first quarter fell ...
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