Exact(60)
Mere survival, however, is not the point of takeovers.
And the fear of takeovers and job cuts is relentless.
Other times, huge payouts go to executives as a result of takeovers.
There has been a deluge of takeovers in the communications business (see table).
For instance, any other industry so plagued by overcapacity would see plenty of takeovers.
Thanks to the blizzard of takeovers last decade, some of Britain's biggest banks are Scottish-based.
Chinese regulators have also been active in forcing modifications of takeovers.
Last year, according to Factset Sharkrepellent, 4.6 percent of takeovers faced some type of shareholder activism.
It has grown after a series of takeovers, spending £1.8bn on acquisitions since 1994.
If they take a stricter stance, it could lead to another wave of takeovers and failures.
Mr. Ebbers transformed WorldCom into a telecommunications powerhouse through a string of takeovers.
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