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Sara Lee will grow through takeovers, he said.
Its new owner, Clean Harbors, has expanded in part through takeovers.
Sometimes, they come about through takeovers and sometimes they are startups.
IT IS no longer unusual for enterprises from poor countries to gain entrée into rich ones through takeovers.
They have done so partly through takeovers that have boosted their supply-buying power and enabled them to lop off layers of bureaucracy.
Under the leadership of Michael Pearson, a former consultant at McKinsey, Valeant has grown through takeovers rather than by creating its own medicines.
Yet bankers and lawyers say they expect merger activity to rise this year as corporate management teams and boards regain the confidence needed to pursue growth through takeovers.
Since then, chief executives and boards have been more concerned with running their businesses and surviving than with chasing expansion through takeovers.
Monte Paschi, based in Siena, is under pressure to grow after its bigger rivals, UniCredit and Intesa Sanpaolo, expanded through takeovers.
After several Canadian resource giants, particularly the nickel mine operator Inco, fell into foreign hands through takeovers, speculation focused on the Montreal-based aluminum producer Alcan.
While expanding the company's holdings through takeovers and mergers of other publishing houses, Mr. Jovanovich cultivated such writers as Hannah Arendt, Milton Friedman and Charles Lindbergh.
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