If,at first

摘要

COMPANIES have embarked on what looks like the beginnings of a re-run of the mergers and acquisitions (M&A) wave that defined the second bubbly half of the 1990s:That period,readers might recall,was characterised by a collective splurge that saw the creation of some of the most indebted companies in history,many of which later went bankrupt or were themselves broken up.