...options available them the moment. John Sunderland and Michael Wada of the Post Merger Integration team at PricewaterhouseCoopers write.

In the benign business conditions that prevailed until recently, companies had ready access to funding, whether through equity markets or the availability of cheap credit. As a result, it has been relatively easy for CEOs to deliver a high-level growth story by becoming serial acquirers, and this is reflected in the high volume of deal activity over the past five years....

NOTE: All illustrations and photos have been removed from this article.



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