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ANNOUNCED WORLDWIDE M&A ACTIVITY UP 16.4 PERCENT; U.S. ACTIVITY UP 13.7 PERCENT IN FIRST NINE MONTHS 1992

ANNOUNCED WORLDWIDE M&A ACTIVITY UP 16.4 PERCENT; U.S. ACTIVITY UP 13.7
    PERCENT IN FIRST NINE MONTHS 1992
    NEW YORK, Sept. 30 /PRNewswire/ -- Worldwide mergers and acquisitions activity increased 16.4 percent in the first nine months of 1992, as compared to the same period in 1991, according to data compiled by IDD Information Services (see note below).  The number of transactions announced to date (as of Sept. 25, 1992) is 9,459, up from 8,123 announced in the first nine months of 1991.  Dollar volume of these transactions increased slightly, 6.3 percent to $258.1 billion, up from $242.9 billion.
    U.S. target mergers and acquisitions activity increased 13.7 percent in the first nine months of 1992, as compared to the same period in 1991.  The number of U.S. target transactions announced to date (as of Sept. 25, 1992) is 3,948, up from 3,471 announced in the first nine months of 1991.  Dollar volume of these transactions decreased slightly, 8.1 percent down to $106.7 billion, from $116.1 billion.
    Divestitures of U.S. based companies rose 14.9 percent in the first nine months of 1992, with 1,794 companies announced as being sold, valued at $44.9 billion, versus 1,561 such transactions announced in the same period in 1991, with a disclosed value of $47.4 billion.
    Worldwide cross-border mergers and acquisitions activity in the first nine months of 1992 shows the United States continuing as leading target by foreign acquirors.  The total number of worldwide cross-border transactions to date (Sept. 25, 1992) is 2,243, compared to 1,832 transactions announced in the first nine months of 1991.  Significantly, dollar volume of these transactions rose 35.0 percent to $84.4 billion, up from $62.5 billion in the same time period in 1991.
    The manufacturing sector continues to be the most active worldwide. Activity in this sector increased 19.8 percent from 2,939 transactions announced in the first half of 1991 to 3,520 transactions announced in the first half of 1992.  Dollar volume was also up, with $93.3 billion in the first nine months of 1992, compared to $70.4 billion in 1991 -- an increase of 32.5 percent.
    NOTE:  Figures for the first nine months are preliminary and as of the close of business Sept. 25, 1992.  Figures include mergers, acquisitions, divestitures and acquisition of assets.  The figures do not include stake purchase, repurchases or recapitalizations.  Number of transactions announced includes deals with non-disclosed dollar values.
            CROSS-BORDER MERGERS & ACQUISITIONS ACTIVITY
                        First Nine Months 1992    First Nine Months 1991
                           Amt.   No. of            Amt.   No. of
    Target Nationality   ($bil.)  Deals  Rank     ($bil.)  Deals  Rank
    USA                    22.0    412    1         23.9    428    1
    Great Britain          12.2    263    2          9.6    232    2
    Spain                   8.0    213    3          2.1     56    7
    France                  6.8    160    4          1.8    106    8
    Netherlands             5.1     57    5          2.7     74    5
    Grand total            84.4  2,243    --        62.5  1,832    --
                       TARGET INDUSTRIES WORLDWIDE
                         First Nine Months 1992
                                  Amt.      Rank      No. of     Rank
    Target Industry             ($bil.)    by Amt.     Deals     by No.
    Manufacturing                93.3        1        3,520        1
    Finance/insurance/
     real estate                 74.4        2        1,634        2
    Transport/communications     35.0        3          704        5
    Wholesale/retail             24.5        4        1,090        4
    Services                     17.8        5        1,347        3
    Grand total                 258.0        --       9,459        --
    Source:  IDD Information Services, 1992
    IDD Information Services is the leading provider of financial information serving the global corporate finance and mergers & acquisitions marketplace, with a full range of domestic and international databases, and information management software.
    NOTE TO EDITORS:  For further information on the figures contained in this press release, call contact below
    -0-             09/30/92
    CONTACT:  Efraim Levy of M&A Department, IDD Information Services, 212-432-0045, ext. 443 CO:  IDD INFORMATION SERVICES IN:  PUB ST:  NY -- NY001C -- X613  09/30/92
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Date:Sep 30, 1992
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