USA TODAYAs quoted in USA Today


Lucite monuments pop up to mark increase in mergers, acquisitions

By Thor Valdmanis, USA TODAY

NEW YORK Tombstones are popping up in offices all over Wall Street, and investors are giddy.

Far from marking some deadly plague, the mushrooming corporate Lucite miniature monuments, given to bankers to commemorate big deals, represent a revival in the long-dormant world of mergers and acquisitions.

"We have definitely seen an upsurge in new business," says President Norman Faria. "We do like deals."

After a four-year lull, a new wave of merger activity, while not quite a mania, is enriching investors and heartening analysts who see the comeback as a sign of renewed confidence in the stock market and the economy.

This week, the cell phone industry was turned on its head with a $35 billion tie-up between Sprint and Nextel; drug and consumer products giant Johnson & Johnson became a bigger player in the medical devices arena with its $24 billion purchase of Guidant; and the high-tech industry consolidated with Oracle's $10.3 billion acquisition of PeopleSoft and Symantec's move to purchase Veritas for $13.5 billion.

That's a lot of action, and few industries are likely to be spared in the months ahead. No more boardroom hand-wringing about war worries, corporate fraud and an economy that seemed stuck in neutral.

"We are seeing greater business confidence and a greater willingness to take on risk," says Steve Cohen, arbitrage fund manager at Kellner DiLeo Cohen. "I wouldn't anticipate that we will get to the crazy levels seen in 2000, which was unprecedented. But activity should remain healthy."

Other analysts agree, as long as the underlying stock market remains strong. CEOs are keen to use high-priced stock as acquisition capital.

Consolidation tends to create stronger and more efficient companies. It is also generally good news for investors holding paper of target companies. Takeover premiums can be healthy. Veritas, Nextel and Guidant all traded higher, ranging from 5% to 15%, on news they were being acquired.

But long term, growth through acquisitions can be a high-risk strategy, demonstrated most starkly by the AOL Time Warner debacle. Even if they get past antitrust regulators, many mergers fail to produce cost savings, strengthen pricing power or boost profits.

By some estimates, only one-third of mergers end up creating value for shareholders.

"A lot of mergers do not work," Tom Burnett, president of Merger Insight. "The ones that do work tend to be companies that are closely related in the same industry, minimizing integration risk and management turmoil."

back to front page


  401-841-5646      800-520-1691 x208 - Lucite Quoting Dept.

CAST LUCITE LINKS:   cast acrylic - permanent insert - deal toys    Lucite Main Page

LUCITE DEAL TOYS: Lucite Gallery |  Lucite Awards  |  Standard Shapes  |  Standard Shapes #2  |  Special Shapes  | Special Shapes #2  |  Special Shapes #3

Lucite Key Tags | Lucite Order Form  |  Shapes w/ Bases  | Metal Castings  | Metal Castings in Lucite | Special Awards  | Special Awards 2

 Shapes w/ Bases  |  Theme Pieces  |  Oil & Gas Pieces |  How to Buy Lucite   |  The Lucite Story |  Custom Pieces  |  3D Cast Parts  | Wall Plaques         

SHAPES:  Cube | Rectangle |  Wedge |  SquarePyramid  | Round  | Oval  | Trapezoid | Prism | Taper Square | Star  | Easel | Dome |  Diamond  | Pentagon

 Photos of ShapesLaser Cutting | Quote Form | Order Form | Printing Processes  | Insert Choices  | About Lucite | Packaging/Box | Lucite Gallery of Ideas

                       SOLID ACRYLIC & PLAQUE LINKS:   cut acrylic - surface printed - one piece    Acrylic Paperweights Main Page
 STOCK PAPERWEIGHTS:  Acrylic Paperweights Index |  All Acrylic  Awards  |  Acrylic Photo Paperweights  |  Budget Block Paperweights  |  Full Color Paperweight 
SHAPES: Stars |  Acrylic Pyramid  |  Triangle  |  Diamond  |  Circles  |  Hollow Cubes   Globe Awards   |   World Theme   Star Awards 
  Acrylic Stock Awards  |  Acrylic Dome attachments |  Acrylic Jade Awards  |  Budget Block Paperweights  |  Acrylic Jade Awards  |  Acrylic DIsplays  | PhotoImage
PLAQUES   Acrylic Plaques   |  Full Color Plaques  | Curved Acrylic Plaque Star Plaques   | Thin Photo Plaques   |  Acrylic Wall Plaques  
Flat Acrylic Frames & Plaques  | Curved Acrylic Frame Plaques |  Full Color Flat Easels | 2 Panel Plaques   |  Curved Acrylic Photo Frames   | Pocket Holders

                    2- PC ACRYLIC SANDWICH & MAGNETIC  2 piece acrylic - sandwiched    Acrylic Entrapments Main Page  

SNAP OR SCREW TOGETHER:   Acrylic Entrapments   |  Wall Entrapments  |  Credit Card Holders  |  CD Holders |  Business Card Holders  |  Sports Ticket Holders

   Magnetic Frames  | Magnetic Sandwiches  |  Full Color Plaques  | Coin Encasements | Certificate Holders   | Currency Holders   In Stock Rush Shapes
2 pc Sandwich  |  2 pc Wall Sandwich Plaque  |  Building Replicas  |  Econo Awards  |  P.O.P Displays   |  RUSH: Ready to Ship Stock Items  RUSH SERVICE          

                   GROUND BREAKING & THEME:  hard hats,  shovels,  scissors,  keys, oil awards etc   Groundbreaking Main Page

 SHOVELS:     Shovel Awards   |  Large Gold Shovels  |  Large Silver Shovels  | Mini Shovels  Shovel Letter Openers  | Shovel Plaques 
 Hard Hat Key Tag | Hard Hats |  Keys to the City  |  Scissors Plaques  | Cast Letter Openers  Ceremonial Scissors  Hammers  Trucks  | Picks  | "Stonecast" Awards
Oil & Gas Lucite Ideas | Theme Idea | Scissors / Dedication  |  Groundbreaking  Awards & Plaques | Building Replicas  | Gavels | Grand Opening Custom Bricks & Stones
Trowels  |  Cinder Block Award  |  Shovel In Stone Award   |  Cast Brick Award  |  Cast Truck & Tool Awards  |  Theme Ideas | Stones & Bricks  | Trucks


acrylic gift    a division of A Better Idea!   acrylic award
 1151 Aquidneck Avenue, Suite 498, Middletown, RI 02842  USA 

home | search products | contact us | shipping + ordering information
artwork | disclaimer | online order | link to us | glossary of terms  sitemap 
 How to Place an Order

Sales Inquiries:      Quotes:  Online Quote Form       Terms:  General Terms & Conditions       Artwork:  Artwork Requirements

Need to translate this page? Copy the URL and  Click Here


800-520-1691  ext 208


Major credit cards accepted. Secure online transactions

      USA Site           UK Site           EU Site

PicoSearch   Search By Keyword,  Item #, Shape or Size