The business world is giddy and agog at the rip-roaring return of mergers and acquisitions. M&A is back! Just yesterday, two mega-deals worth $100 billion were announced. Some people are getting very, very rich. The deserving people, that is.
When the corporate economy is booming as it is now, mergers and acquisitions happen. Industries consolidate. The cable industry is consolidating. The media industry is consolidating. And now, even the poor people industry is consolidating.
Reynolds Tobacco is seeking to buy Lorillard, bringing Camels and Newports together in a $56 billion cigarette behemoth just in time for everyone to switch from Camels and Newports to e-cigarettes.
