M&a 2004

摘要

In the free market,a scarce supply is allocated by the competitive market-clearing price.Scarcity-or perception o scarcity-hasdriven the commodity markets on to record highs for the range of listed contracts on the Nymex.competition for quality assets has driven the U.S.mergers,acquisitions and divestitures (MA&D)market ot highs in assest-transaction activity nad average prices for reserves.