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Signs that merger and acquisition activity has resumed after a long slump will be borne out in the coming months. In both Europe and the United States, merger activity ticked up toward the end of 2003, with Europe still leading both the number and value of transactions announced The expansion of European Union membership in 2004 and conversion to International Accounting Standards across the EU in 2005 should boost M&A activity on the continent.
In the third quarter of 2003, 1,988 deals were announced in Europe, well up from 1,572 in the second quarter, according to Mergerstat. Aggregate deal value of $87.5 billion in the third quarter matched 2002's third ...