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一、收购兼并活动频繁美国的商品经济高度发达,市场机制无孔不入,渗透到所有经济领域,企业竞争十分激烈,收购兼并活动频繁。本世纪中,美国已先后发生过四次收购与兼并的浪潮,第一次是上世纪末至1904年间,主要是在重工业、制造业方面,兼并对于提高竞争能力的作用至为明显,第二次是1922年至1929年间,主要在食品、化工、电器以及水、电、煤气等公用事业方面;第三次是在1967年至1969年间,与前两次不同之处是许多收购兼并与原来的经营无关,即把资金投入新的行业;第四次
First, acquisitions and mergers and acquisitions are frequent. The commodity economy of the United States is highly developed. The market mechanism is pervasive and penetrates into all economic fields. The competition of enterprises is fierce, and mergers and acquisitions are frequent. In the middle of this century, the United States has had four waves of mergers and acquisitions. The first time was between the end of the last century and 1904. It was mainly in heavy industry and manufacturing. The role of mergers in improving competitiveness was obvious. From 1922 to 1929, mainly in the food, chemical, electrical and water, electricity, gas and other utilities; the third was between 1967 and 1969, with the previous two differences is that many mergers and acquisitions with the original Unrelated to business, that is to invest capital in new industries; the fourth time