Press Release
07/21/05 -
Chinese Bid to Buy U.S. Firms Stalls
Authors: Michael Oneal
"I don't think this slows down Chinese investment," said Michael Nemeroff, head of the mergers-and-acquisition practice at Vedder Price. Chinese companies he said, face the same global challenge U.S. companies do: expand or stagnate.
"Look at the P&G and Gillette situation," Nemeroff said. "Gillette was a very successful company, but it needed more size to compete in a global economy."
For a complete copy of the article: See Chicago Tribune , July 21, 2005, Section 3, Page 1.
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