“In the period until the merger is consummated and maybe the quarter afterwards, there tends to be a lull in capital spending, followed by a burst after they do their integration planning, to more than make up for it.”
Paul Sagawa
“Citigroup's acquisition of Golden State was an outlier in what was otherwise another slow quarter for bank and thrift mergers. Deal activity, as measured in number of deals, was up modestly from an abysmal first quarter. We expect this trend will continue.”
James Record
“They had a really impressive quarter, across the board. Just about every segment was at or above record levels -- mergers and acquisitions, stocks and bonds, fixed-income, merchant banking. It was really just a phenomenal quarter.”
Robert Hansen
“If this merger frenzy continues, we could end up with three, two, maybe only one airlines, and I think that we have a tremendous obligation to the American public to make travel more pleasant.”
Harry Reid
“This was a great quarter. By any measure, we hit our stride and demonstrated what the merger was all about.”
Carly Fiorina
“Whenever you see M&A (merger and acquisition) activity either rumored or announced, comparable companies in that industry tend to react, ... In this case, Seagram is huge - it has sweeping consolidation implications for the whole group.”
Frederick Moran
“Everything PeopleSoft announced this morning helps clear the way to begin negotiations and maybe consummate the merger. The license revenue is much better than expected and that gives PeopleSoft a position of leverage.”
David Hilal
