Takeover fever. Everyone's buying everyone else. Corporations -- and private-equity investors -- are so flush with cash that buying other companies is the easiest way to put that cash to work.
That may be OK, although in the case of publicly held corporations, I wouldn't mind seeing a little more of that cash returned to Millionaire Zone investors.
Any time I see a feeding frenzy in the markets, I start to wonder. And when I think back on previous M&A activity, I see a lot of bloopers. The recent dismantling of Daimler-Chrysler (DCX Quote) got me thinking -- couldn't we have seen this coming? And AOL-Time Warner (TWX Quote) and others?
The real question in any acquisition is this: Is value being created, or is it being destroyed? Here are some factors to consider. ...
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